Just blocks from Main St in desirable Mainstrasse Village in Covington, KY, this property has LOTS of potential!
Property is vacant and on lockbox. Contact Eric to schedule a showing. (859) 412-1940
Rent it out for great cashflow, or, rehab the property completely. Similar 1 story, 2 bedroom homes in the area have sold for $110,000 and $129,000. So, lots of room here.
Lead based paint hazards have been detected on the property by the Northern Kentucky Health Department and certified lead abatement procedures will need to be undertaken. Seller doesn’t want to deal with it, which means you have the opportunity to solve the problem and make the profit.
Also, there has been some confusion about the address. There is a mixup with the USPS between this property and the property behind it. The property being sold is 516 7th St, NOT 518 7th St. If you lookup on http://www.kentonpva.com/, you will see a parcel photo of this property at 516 7th St.
COMPS:
317-321 Pershing Avenue – $110,000, sold 5-10-17
638 Philadelphia Street – $129,000, sold 1-6-2017
Note: I am a licensed real estate agent in OH & KY and have this property currently under contract. I am looking to assign my interest to a buyer.
Contact Eric to schedule a showing. (859) 412-1940