NOT LISTED FOR SALE
12 Beds
8 Baths
6,336 Sq Ft
0.62 Acre Lot

Sale Details

Date Sold: September 16, 2022

Last sale price $389,000 $61 Per Sq Ft

4 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • Coin Laundry

About This Home

As of September 2022

Unique Eight Unit Apartment Building on two levels in Crittenden KY. With easy access to I-75 you are close to everything Northern Ky. has to offer (except the traffic). The 4 units on the left are 2 bedroom with one full bath, and the 4 units on the right are 1 bedroom with one full bath. There is also a common laundry area located on the premises. This complex is a USDA Section 515 development, with a 1% assumable loan program as an option to a qualified buyer. The tenant base is stable with the average rental time per tenant being is excess of 6 years. Rental contracts are for a one year period and are up for renewal on the anniversary date of original rental. Tenant rents are based on an income formula by USDA and are not subsidized. Tenants pay for own electric and landlord pays for water, sewer, and trash. USDA Section 515 information is available upon request. Purchaser is not locked in to USDA requirements as leases renew unless they choose the Section 515 purchase option.

Last Agent to Sell the Property

Dennis Kenner

RE/MAX Creative Realty License #223166 Listed on: 11/14/2020

RE/MAX Creative Realty

Last Buyer's Agent

NKAR Non-Member

Non-Member Office

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 27,007 Sq Ft Lot

Parking

  • 20 Parking Spaces

Home Design

  • 6,336 Sq Ft Home
  • Shingle Roof

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Schools

  • Crittenden Elementary School
  • Grant Co Middle School
  • Grant Co High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 5721

Community Details

Overview

  • 8 Units
  • Rural Subdivision

Amenities

  • Coin Laundry

Building Details

  • Electric Expense $828
  • Insurance Expense $3,064
  • Maintenance Expense $2,258
  • Other Expense $1,412
  • Professional Management Expense $4,140
  • Trash Expense $478
  • Water Sewer Expense $3,328
  • Real Estate Tax Expense $4,721
  • Operating Expense $28,726
  • Gross Income $39,146

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0.62 Acres

Listing Details

  • Property Type: Residential Income
  • Structure Type: Other
  • Year Built: 1986
  • New Construction: No
  • Roof:Shingle: Yes
  • Lot: Lot Size Acres: 0.62
  • Lot: Lot Size Square Feet: 27007.22
  • Tax Legal: Elementary School: Crittenden
  • Tax Legal: Middle Or Junior School: Grant Co
  • Tax Legal: High School: Grant Co
  • AssociationCommunity: Number Of Buildings: 1.0
  • Other Sold Info: New Construction YN: No
  • Cooling: Electric: Yes
  • Lot: Lot Size Dimensions: 172 x ?
  • Income and Expenses: Electric Expense: 828.0
  • Income and Expenses: Gross Income: 39146.0
  • Income and Expenses: Insurance Expense: 3064.0
  • Income and Expenses: Maintenance Expense: 2258.0
  • Income and Expenses: Operating Expense: 28726.0
  • Income and Expenses: Other Expense: 1412.0
  • Income and Expenses: Professional Management Expense: 4140.0
  • Income and Expenses: Real Estate Taxes: 4721.0
  • Income and Expenses: Trash Expense: 478.0
  • Income and Expenses: Water Sewer Expense: 3328.0
  • AssociationCommunity: Number Of Units Total: 8.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • LivingArea: 6336.0
  • Lot Size Area: 0.62
  • Association Amenities: Coin Laundry: Yes

Exterior Features

  • Roof: Shingle
  • List Price: 389000.0

Garage/Parking

  • Total Parking Spaces: 20.0
  • Parking Information: Parking Total: 20.0

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected
  • Heating:Forced Air: Yes
  • Utilities: Cooling YN: Yes
  • Utilities: Heating YN: Yes
  • Utilities: Electricity Connected: Yes
  • Heating: Electric: Yes

Condo/Co-op/Association

  • Association Amenities: Coin Laundry
  • Professional Management Expense: 4140.0

Fee Information

  • Supplies Expense: 885.0
  • Trash Expense: 478.0
  • Water Sewer Expenses: 3328.0

Schools

  • Elementary School: Crittenden
  • High School: Grant Co
  • Middle or Junior School: Grant Co

Lot Info

  • Lot Dimensions: 172 x ?
  • Lot Size Acres: 0.62
  • Lot Size Sq Ft: 27007.22
  • Parcel Number: 5721
  • Zoning Description: Residential

Multi Family

  • Electric Expense: 828.0
  • Gross Income: 39146.0
  • Insurance Expense: 3064.0
  • Maintenance Expense: 2258.0
  • Number of Units Total: 8
  • Operating Expense: 28726.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2020
Closed on
Sep 15, 2022
Sold by
Bought by
Seller's Agent
Dennis Kenner
RE/MAX Creative Realty
Buyer's Agent
NKAR Non-Member
Non-Member Office
List Price
$389,000
Sold Price
$389,000
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,300
Interest Rate
5.22%
Mortgage Type
Construction
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$389,000 Kentucky Land Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $444,776
Closed $272,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/16/2022 09/16/22 Sold $389,000 0.0% $61 / Sq Ft
11/17/2020 11/17/20 Pending -- -- --
11/13/2020 11/13/20 For Sale $389,000 -- $61 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,325 $389,000 $0 $0
2024 $4,387 $389,000 $0 $0
2023 $4,391 $389,000 $0 $0
2022 $4,073 $359,100 $0 $0
2021 $4,058 $359,100 $0 $0
2020 $4,059 $359,100 $0 $0
2019 $4,130 $359,100 $0 $0
2018 $3,165 $270,000 $0 $0
2017 $3,156 $270,000 $0 $0
2014 $2,587 $250,000 $0 $0
2012 $2,445 $250,000 $35,000 $215,000
Source: Public Records

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20023706

ImagineMLS (Bluegrass REALTORS®)

APN: 042-02-00-013.00

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