NOT LISTED FOR SALE

109 W 10th St Newport, KY 41071

Estimated Value: $195,000 - $247,046

4 Beds
2 Baths
1,772 Sq Ft
$128/Sq Ft Est. Value

Last Sold May 21, 2024

Last sale price $207,000 $117 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,267/month

3 Days on Market

Highlights

  • 2 Fireplaces
  • Window Unit Cooling System
  • 4-minute walk to Buena Vista Park
  • Covered Patio or Porch
  • Forced Air Heating System

About This Home

As of May 2024

**2nd Showings to see main floor unit 1, between 1-3 on Friday and Saturday**Presenting a prime investment opportunity. This multi-family property offers a chance to capitalize on the thriving real estate market. With one unit currently rented, there's immediate income generation potential, with the opportunity to increase returns through an additional lease. Conveniently located minutes from Cincinnati, Newport on the Levee, and MegaCorp Pavillion with easy access to amenities and transportation, it promises both convenience and lifestyle. Whether you're seeking a turnkey investment or looking to add value through renovations and attracting new tenants, this property offers long-term potential. Unit 1 (lower) tenant just re-signed lease at $800/mo, unit 2 (upper) was bringing in $1,000/mo with no rent increase in years. Prime chance to bump up or do more work to add extra value & revenue.

Last Agent to Sell the Property

Brett Mayberry

Huff Realty - Florence License #274847 Listed on: 04/10/2024

Huff Realty - Florence

Last Buyer's Agent

John Hodge

Coldwell Banker Realty FM License #202614

Coldwell Banker Realty FM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $683

Year Built

  • Built in 1885

Lot Details

  • 1,133

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 1,772 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Non-Functioning Fireplace
  • Vinyl Clad Windows
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Newport Elementary School
  • Newport Intermediate
  • Newport High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters

Additional Features

  • Covered Patio or Porch
  • 1,133 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 999-99-05-025.01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$683

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Cooling: Window Unit(s)
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.03
  • Year Built: 1885
  • Lot Size: Irregular
  • Directions: I 471 to 10th Street
  • New Construction: No
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Newport Elementary
  • Location Tax Legal Info:Middle or Junior School: Newport Intermediate
  • Location Tax Legal Info:High School: Newport High
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: Yes
  • General Property Description:Lot Size Dimensions: Irregular
  • General Property Description:Approx SqFt2: 1772.0
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electric Company: Duke Energy
  • Utilities Gas Company: Duke
  • Water Company: NKY Water
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.026
  • General Property Description:Living Area: 1772.0
  • General Property Description:Lot Size Square Feet: 1133.0
  • Location Tax Legal Info:Tax ID: 999-99-05-025.01
  • Appliances Refrigerators: Yes
  • General Property Description:Fireplaces Total: 2
  • Foundation:Stone3: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Furnace: Yes
  • Utilities:Separate Gas Electric: Yes
  • General Property Description:Number Of Units Total: 2
  • Levels:Three Or More2: Yes
  • Special Features: None

Interior Features

  • Heating: Natural Gas, Forced Air
  • Levels: Three Or More
  • Property Type: MultiFamily
  • Number Of Buildings: 1
  • Appliances: Electric Range, Electric Oven, Dishwasher, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Inoperable
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 1772.0
  • Window Features: Vinyl Clad Window(s)
  • Full Basement: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Electric Range: Yes
  • Fireplace Features:Inoperable: Yes

Exterior Features

  • Roof: See Remarks, Shingle
  • Construction Type: Brick
  • Foundation Details: Stone
  • Patio And Porch Features: Covered, Porch
  • Construction Materials:Brick2: Yes
  • Patio and Porch Features:Covered: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Vinyl Clad Window(s): Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Parking Features:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Natural Gas2: Yes
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Newport Elementary
  • Junior High Dist: Newport Indep
  • High School: Newport High
  • Middle Or Junior School: Newport Intermediate

Lot Info

  • Lot Size Sq Ft: 1133.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
May 21, 2024
Sold by
Hudson Josh D and Hudson Naomi L
Bought by
Thornton Jameson and Thornton Stephanie Lynn
Seller's Agent
Brett Mayberry
Huff Realty - Florence
Buyer's Agent
John Hodge
Coldwell Banker Realty FM
List Price
$200,000
Sold Price
$207,000
Premium/Discount to List
$7,000
3.5%
Views
53
Current Estimated Value
$227,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,262
Avg. Annual Appreciation
7.00%
Original Mortgage
$207,000
Outstanding Balance
$204,025
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$23,237

Purchase Details

Listed on
Apr 16, 2021
Closed on
May 21, 2021
Sold by
Dch Properties Llc
Bought by
Hudson Josh D and Hudson Naomi L
Seller's Agent
Clayton Horan
Horan Rosenhagen Real Estate
Buyer's Agent
Tiffany Caldwell
Haven Homes Group
List Price
$139,900
Sold Price
$143,000
Premium/Discount to List
$3,100
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.12%
Original Mortgage
$107,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2019
Sold by
Hyman Leighton and Hyman Hilda
Bought by
Dch Properties Llc and Tune Row Properties Llc

Purchase Details

Closed on
Oct 12, 2010
Sold by
National Reis Equity Partners Ii Llc
Bought by
Hyman Leighton and Hyman Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,750
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2009
Sold by
Stith Linda
Bought by
National Reis Equity Partners Ii Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Thornton Jameson $207,000 Lawyers Title
Hudson Josh D $143,000 Lawyers Ttl Of Cincinnati In
Hudson Josh D $143,000 Lawyers Title
Dch Properties Llc $95,000 None Available
Hyman Leighton $97,000 None Available
National Reis Equity Partners Ii Llc $12,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thornton Jameson $207,000
Previous Owner Hudson Josh D $107,250
Previous Owner Hyman Leighton $72,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2024 05/21/24 Sold $207,000 +3.5% $117 / Sq Ft
04/14/2024 04/14/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $200,000 +39.9% $113 / Sq Ft
05/21/2021 05/21/21 Sold $143,000 +2.2% $81 / Sq Ft View Prior Sale
04/22/2021 04/22/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $139,900 -- $79 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $683 $177,500 $10,000 $167,500
2023 $565 $143,000 $2,500 $140,500
2022 $708 $143,000 $2,500 $140,500
2021 $528 $95,000 $2,500 $92,500
2020 $536 $95,000 $2,500 $92,500
2019 $456 $75,000 $2,500 $72,500
2018 $451 $75,000 $2,500 $72,500
2017 $452 $75,000 $2,500 $72,500
2016 $399 $75,000 $0 $0
2015 $404 $75,000 $0 $0
2014 $397 $75,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 621842

Northern Kentucky Multiple Listing Service

APN: 999-99-05-025.01