1002-1004 Central Avenue, Newport, KY 41071
1002-1004 Central Avenue, Newport, KY 41071
1002-1004 Central Avenue, Newport, KY 41071
1002-1004 Central Avenue, Newport, KY 41071
1002-1004 Central Avenue, Newport, KY 41071
1002-1004 Central Avenue, Newport, KY 41071
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Listed by Haven Homes Group
$ 595,000
Est. payment | /mo

4,564 SqFt


Save
$ 595,000
Est. payment | /mo
Save

4,564 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,564 sqft

Price per Sqft $130

MLS Listing ID 645649

Year Built 1883

Lot Size 3,049 Sqft

Property Sub-Type Multi Family

Property Description

Fully leased 4-unit multifamily investment opportunity at 1002,1004 Central Avenue in Newport, KY. Attractive unit mix consisting of two 2BR/1BA apartments and two 3BR/1BA apartments. Current scheduled rents total $6,101/month ($73,212 annually). Two of the four units are occupied by long-term tenants, providing established rental history and stability, with further rent upside that can be captured as leases renew.

Both second-floor units are currently configured as 3BR/1BA apartments and each includes additional unfinished space offering further value-add potential. Subject to applicable approvals, this space could potentially be finished to create either a 4BR/1BA or 3BR/2BA configuration in each unit.

Prominent corner location with convenient access to downtown Cincinnati, Newport, major employment centers, dining, entertainment, and interstate access. Larger two- and three-bedroom floor plans provide a desirable rental mix. Existing leases are in place. Rent roll and additional financial information available upon request.

Location

State KY

County Campbell

Rooms

Basement Full

Interior

Heating Forced Air

Cooling None

Laundry In Unit

Exterior

Parking Features On Street

Fence Chain Link

Utilities Available Cable Available

View Y/N N

Roof Type Membrane

Building

Lot Description Corner Lot, Near Public Transit

Story Three Or More

Foundation Block

Sewer Public Sewer

Level or Stories Three Or More

New Construction No

Schools

Elementary Schools Newport Elementary

Middle Schools Newport Intermediate

High Schools Newport High

Others

Special Listing Condition Standard

Nearby Locations

Dianna Caldwell

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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