NOT LISTED FOR SALE

22 Wallace Ave Florence, KY 41042

Estimated Value: $419,352

4 Beds
4 Baths
2,688 Sq Ft
$156/Sq Ft Est. Value

Last Sold July 31, 2024

Last sale price $312,500 $116 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,425/month

3 Days on Market

Highlights

  • Neighborhood Views
  • Multiple cooling system units
  • Coin Laundry
  • Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Excellent Opportunity to add to your Portfolio. Great 4 Family in Florence with long term month to month tenants. Below market rents!!! Parking available on and off street with 4 space carport. Coin Operated Washer and Dryer in the basement.

Last Agent to Sell the Property

Brad Woolridge

Copperwood Realty Group LLC License #260846 Listed on: 07/11/2024

Last Buyer's Agent

Michele Mamo

eXp Realty, LLC License #216745

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 9,800 Sq Ft Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,688 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Insulated Windows
  • Neighborhood Views

Kitchen

  • Gas Range
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • Carport
  • On-Street Parking
  • Off-Street Parking

Schools

  • Florence Elementary School
  • Jones Middle School
  • Boone County High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • The owner pays for sewer, water
  • Assessor Parcel Number 061.21-22-017.00

Community Details

Building Details

  • Electric Expense $677
  • Insurance Expense $1,819
  • Maintenance Expense $613
  • Trash Expense $400
  • Water Sewer Expense $1,909
  • New Taxes Expense $3,939
  • Gross Income $30,215

Additional Features

  • 4 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cooling: Multi Units, Central Air
  • Property Condition: Existing Structure
  • Property Sub Type: Multi Family
  • Owner Pays: Sewer, Water
  • Lot Size Acres: 0.23
  • Year Built: 1960
  • Lot Size: 70X140 Per Realist
  • Directions: 71 Exit 181 for KY 18, E on Ky 18 to Wallace Ave, Property on Left
  • New Construction: No
  • Structure Type: Quadruplex
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Florence Elementary
  • Location Tax Legal Info:Middle or Junior School: Jones Middle School
  • Location Tax Legal Info:High School: Boone County High
  • Location Tax Legal Info:Subdivision2: Florence Manor
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: No
  • General Property Description:Lot Size Dimensions: 70X140 Per Realist
  • General Property Description:Approx SqFt2: 2688.0
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electric Company: Duke Energy
  • Utilities Gas Company: Duke Energy
  • Water Company: Florence Water & Sewer
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.225
  • General Property Description:Lot Size Square Feet: 9800.0
  • Miscellaneous Home Warranty: No
  • Location Tax Legal Info:Tax ID: 061.21-22-017.00
  • Appliances Refrigerators: Yes
  • Foundation:Block4: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Laundry Features:In Basement: Yes
  • General Property Description:_pound_ of Buildings: 1
  • General Property Description:Number Of Units Total: 4
  • Levels:Two2: Yes
  • Cooling:Multi Units: Yes
  • Structure Type:Quadruplex: Yes
  • Financial Info:Electric Expense: 677.0
  • Financial Info:Maintenance Expense: 613.0
  • Financial Info:New Taxes Expense: 3939.0
  • Financial Info:Trash Expense: 400.0
  • Financial Info:Water Sewer Expense: 1909.0
  • Laundry Features:Coin Laundry: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Laminate Counters
  • Heating: Natural Gas, Forced Air
  • Levels: Two
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Gas, Heat
  • Number Of Buildings: 1
  • Appliances: Gas Range, Dryer, Refrigerator, Washer
  • Accessibility Features: None
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace: No
  • Window Features: Insulated Window(s)
  • Full Basement: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Laminate Counters: Yes

Exterior Features

  • View: Neighborhood
  • Roof: Shingle
  • View: Yes
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Block
  • Construction Materials:Brick2: Yes
  • Window Features:Insulated Window(s): Yes
  • Accessibility Features:None15: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport, Off Street, On Street
  • Parking Features:Off Street2: Yes
  • Parking Features:Carport2: Yes
  • Parking Features:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: In Basement, Coin Laundry
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Natural Gas2: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 1909.0

Schools

  • Elementary School: Florence Elementary
  • Junior High Dist: Boone Co Public
  • High School: Boone County High
  • Middle Or Junior School: Jones Middle School

Lot Info

  • Lot Size Sq Ft: 9800.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 30215.0
  • Number Of Units Total: 4
  • Electric Expense: 677.0
  • Insurance Expense: 1819.0
  • Maintenance Expense: 613.0

Tax Info

  • New Taxes Expense: 3939.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2024
Closed on
Jul 31, 2024
Sold by
Dry Ridge Investment Partners Llc
Bought by
Btl & M Properties Llc
Seller's Agent
Brad Woolridge
Copperwood Realty Group LLC
Buyer's Agent
Michele Mamo
eXp Realty, LLC
List Price
$325,000
Sold Price
$312,500
Premium/Discount to List
-$12,500
-3.85%
Views
31
Current Estimated Value
$419,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,852
Avg. Annual Appreciation
20.89%

Purchase Details

Closed on
Sep 21, 2021
Sold by
Bubby 1688 Ky Llc
Bought by
Dry Ridge Investment Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2017
Sold by
Newman Robert L and Newman Donna J
Bought by
Bubby 1688 Ky Llc
Source: Public Records
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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
Btl & M Properties Llc $312,500 360 American Title Services
Dry Ridge Investment Partners Llc $250,000 Buckeye Land Title
Bubby 1688 Ky Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dry Ridge Investment Partners Llc $640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2024 07/31/24 Sold $312,500 -3.8% $116 / Sq Ft
07/15/2024 07/15/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $325,000 -- $121 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

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
2025 $2,958 $312,500 $50,000 $262,500
2024 $2,559 $250,000 $50,000 $200,000
2023 $2,658 $250,000 $50,000 $200,000
2022 $2,369 $250,000 $50,000 $200,000
2021 $3,217 $243,910 $243,910 $0
2020 $2,365 $243,910 $243,910 $0
2019 $2,386 $243,910 $243,910 $0
2018 $2,644 $243,910 $243,910 $0
2017 $2,361 $243,910 $243,910 $0
2015 $2,342 $243,910 $243,910 $0
2013 -- $243,910 $243,910 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 624524

Northern Kentucky Multiple Listing Service

APN: 061.21-22-017.00