NOT LISTED FOR SALE

Estimated Value: $141,000 - $256,217

2 Beds
2 Baths
2,475 Sq Ft
$77/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $135,000 $55 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,212/month

4 Days on Market

Highlights

  • Wood Frame Window
  • Fireplace
  • Heating System Uses Natural Gas

About This Home

As of November 2023

Discover the Potential in this Unique Investment Property

Welcome to this fantastic opportunity located near downtown Covington, downtown Newport and downtown Cincinnati, offering an incredible value-add opportunity for investors or homeowners looking to capitalize on their real estate investment. This property features a 1-bedroom, 1-bathroom unit and a spacious 3-bedroom, 1-bathroom unit, allowing for various income possibilities.

Value-Add Opportunity:

The property offers a significant value-add opportunity for those looking to increase rental income. Recent upgrades include significant tuck pointing, new concrete pad in the back, tree trimming and a new French drain.

Benefit from the thriving rental market in the area.

Current Rents:

Unit 1- $500, lease expires 2/1/24
Unit 2- $750, lease expires 2/1/24

Tenant pays electric only.

Last Listed By

Josh House

Realiant Northern KY LLC License #220133 Listed on: 10/10/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,775

Lot Details

  • 2,225 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 2,475 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Wood Frame Window
  • Basement Fills Entire Space Under The House
  • Gas Oven

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • John G. Carlisle Elementary School
  • Holmes Middle School
  • Holmes Senior High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 054-24-19-015.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,775

Lot Details

0

Listing Details

  • Cooling: None
  • Property Condition: Existing Structure
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.05
  • Lot Size: .05
  • Directions: I-71 N/I-75 N 2 min (0.7 mi) Follow I-71 N/I-75 N to W 12th St/W Martin Luther King Jr. Blvd/MLK Jr. Blvd in Covington. Take exit 191 from I-71 N/I-75 N 8 min (7.7 mi) Continue on MLK Jr. Blvd. Drive to E 13th St
  • New Construction: No
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: John G. Carlisle Elementary
  • Location Tax Legal Info:Middle or Junior School: Holmes Middle School
  • Location Tax Legal Info:High School: Holmes Senior High
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: No
  • General Property Description:Lot Size Dimensions: .05
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.0511
  • General Property Description:Living Area: 2475.0
  • General Property Description:Lot Size Square Feet: 2225.0
  • Location Tax Legal Info:Tax ID: 054-24-19-015.00
  • Foundation:Stone3: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • Cooling:None9: Yes
  • General Property Description:_pound_ of Buildings: 1
  • General Property Description:Number Of Units Total: 2
  • Levels:Three Or More2: Yes
  • Special Features: None

Interior Features

  • Heating: Natural Gas
  • Levels: Three Or More
  • Property Type: MultiFamily
  • Number Of Buildings: 1
  • Appliances: Gas Oven
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Living Area: 2475.0
  • Window Features: Wood Frames
  • Full Basement: Yes
  • Appliances:Gas Oven: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Brick
  • Foundation Details: Stone
  • Construction Materials:Brick2: Yes
  • Window Features:Wood Frames: 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: No
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
  • Heating:Natural Gas2: Yes

Schools

  • Elementary School: John G. Carlisle Elementary
  • Junior High Dist: Covington Indep
  • High School: Holmes Senior High
  • Middle Or Junior School: Holmes Middle School

Lot Info

  • Lot Size Sq Ft: 2225.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2023
Closed on
Nov 14, 2023
Sold by
Green Mountain Capital Llc
Bought by
Zae Llc
Seller's Agent
Josh House
Realiant Northern KY LLC
Buyer's Agent
Ryan Arey
Sparen Realty
List Price
$135,000
Sold Price
$135,000
Total Days on Market
4
Views
27
Current Estimated Value
$190,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,054
Avg. Annual Appreciation
42.96%
Original Mortgage
$94,500
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2023
Sold by
Luersen Kristopher
Bought by
Green Mountain Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,860
Interest Rate
6.28%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 7, 2015
Sold by
Luersen Kristopher and Luersen Randie Sue
Bought by
Luersen Kristopher

Purchase Details

Closed on
Aug 24, 2010
Sold by
Humphrey Daniel W
Bought by
Luersen Kristopher and Luersen Randie Sue

Purchase Details

Closed on
Jul 8, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Humprhey Daniel W

Purchase Details

Closed on
Oct 16, 2007
Sold by
Calendine Steve
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Aug 31, 2005
Sold by
Dontay Co Llc
Bought by
Calendine Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
5.86%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 7, 2004
Sold by
Diamond Development Llc
Bought by
Dontay Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,920
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2004
Sold by
Diamond Properties I Llc
Bought by
Diamond Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,920
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Zae Llc $135,000 None Listed On Document
Green Mountain Capital Llc $80,000 None Listed On Document
Luersen Kristopher -- Attorney
Luersen Kristopher $25,000 None Available
Humprhey Daniel W $25,900 Resource Title Of Cincinnati
Deutsche Bank National Trust Co -- Resource Title Of Cincinnati
Deutsche Bank National Trust Co $40,000 None Available
Calendine Steve $64,900 Prominent Title Agency Llc
Dontay Company Llc $64,900 --
Diamond Development Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zae Llc $175,000
Closed Zae Llc $94,500
Previous Owner Green Mountain Capital Llc $76,860
Previous Owner Calendine Steve $15,000
Previous Owner Calendine Steve $49,900
Previous Owner Dontay Company Llc $51,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $135,000 0.0% $55 / Sq Ft
10/15/2023 10/15/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $135,000 -- $55 / 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 $1,775 $135,000 $5,000 $130,000
2023 $853 $60,000 $5,000 $55,000
2022 $852 $60,000 $5,000 $55,000
2021 $628 $37,000 $2,000 $35,000
2020 $625 $37,000 $2,000 $35,000
2019 $632 $37,000 $2,000 $35,000
2018 $644 $37,000 $2,000 $35,000
2017 $465 $25,000 $5,000 $20,000
2015 $838 $25,000 $5,000 $20,000
2014 $793 $25,000 $5,000 $20,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 617648

Northern Kentucky Multiple Listing Service

APN: 054-24-19-015.00