STATUS: OFF-MARKET
Portfolio Sale – Denver Residential | East 38th Residential | Newport Mixed-Use
- Price: $900,000
- Rental Income: $9195 per month (portfolio total)
- Tenant Leases: Through August 2023 and October 2023
- Utilities: Tenants’ responsibility (water, gas, electric, sewer, trash)
- Insurance: Approximately $1250 a year insurance
- Taxes: Total $3040 per year
Property Highlights
- Single-family home in Covington, KY
- Fully renovated
- Two bedroom, one bathroom
- New lease signed for one year starting September 1, 2022
- $1,500/month | $18,000 annually @ a 7 cap
- Tenant responsible for all utilities
- Walking distance to Twin Oaks Golf & Magnolia Room
- Two miles to I-275, five miles to Downtown Cincinnati, and 17 minutes to CVG International Airport