$1,485,000
$1,495,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
1419 Sleepy Hollow Road Covington, KY 41011
2,900 SqFt
Key Details
Sold Price $1,485,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $512
MLS Listing ID 623624
Lot Size 0.298 Acres
Property Description
**Turnkey 12-Unit Apartment Complex for Sale in Prime Location**
Exceptional investment opportunity awaits! Well-maintained property offers immediate rental income & strong potential for future growth, a perfect addition to any real estate portfolio.
The complex comprises12 units, renovated w/in the last 18 months. 10 are leased, 1 is vacant for showing (tenants will be placed) & 1 is being renovated. Each unit features 2 bedrooms, 1 bathroom, updated electric, new appliances & in unit laundry.
Conveniently located in a vibrant & established neighborhood near highways, transportation, shopping, schools & dining.
3 new boilers, updated plumbing & electrical, fresh paint, & modern interior finishes.
On-site parking for residents, enhancing appeal & convenience.
High occupancy rate, several long term tenants & competitive rental rates = strong & consistent cash flow.
A standout benefit of this property is the option to retain the professional property mgmt. TREO has a track record w/tenants & the ability to maximize income by maintaining high occupancy & ensuring property stays in top condition. Enjoy a seamless transition without the stress of finding new mgmt.
Location
State KY
County Kenton
Interior
Heating Natural Gas
Cooling Wall Unit(s)
Laundry In Unit
Exterior
Parking Features Parking Lot
Utilities Available Natural Gas Available, Sewer Available, Water Available
View Y/N N
Roof Type Shingle
Building
Story Two
Foundation Slab
Sewer Public Sewer
New Construction No
Schools
Elementary Schools Ft Wright Elementary
Middle Schools Turkey Foot Middle School
High Schools Dixie Heights High
Others
Special Listing Condition Standard
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