NOT LISTED FOR SALE

5 Rob Roy Ave Fort Thomas, KY 41075

Estimated Value: $667,078

6 Beds
4 Baths
12,372 Sq Ft
$54/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $635,000 $51 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,675/month

7 Days on Market

Highlights

  • City View
  • Property is near public transit
  • Covered Patio or Porch
  • Highlands Middle School Rated A
  • Corner Lot
  • Balcony

About This Home

As of February 2024

Here's your chance to own a well known building in the heart of Fort Thomas! The Briarcliff, boasts 12,372 square feet of versatile space. Situated on a corner Lot, this property enjoys excellent visibility and access, making it an attractive choice for businesses and residents alike. There are 2 storefronts and 6 apartments with the tenants paying their own electric. The new roof and water heater reduce maintenance concerns. Some plumbing and electric have also been updated but there is potential for more renovations and higher income streams. There are 3 apartments on the second and 3rd floors with 3 very unique floorplans. The versatility of this building allows for a range of businesses and living arrangements, making it an excellent investment for entrepreneurs and property investors. Some apartments are vacant and could be shown right away but 48 hour notice will be required for occupied spaces.

Last Agent to Sell the Property

Michael McDonough

YOUR TOWN REALTORS License #207349 Listed on: 11/02/2023

Last Buyer's Agent

Nat Comisar

Sibcy Cline, REALTORS-Florence

Sibcy Cline, REALTORS-Florence

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1923

Lot Details

  • 6,447 Sq Ft Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Corner Lot

Parking

  • 6 Car Garage
  • On-Street Parking

Property Views

  • City
  • Neighborhood

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Stone Foundation
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 12,372 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Awning
  • Vinyl Clad Windows
  • Insulated Windows
  • Wood Frame Window
  • Entrance Foyer
  • Partial Basement
  • Gas Oven

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Property is near public transit

Schools

  • Johnson Elementary School
  • Highlands Middle School
  • Highlands High School

Utilities

  • Mini Split Air Conditioners
  • Window Unit Cooling System
  • Heating System Uses Steam
  • Separate Meters
  • Gas Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, heat, sewer, water
  • Assessor Parcel Number 999-99-15-525.00

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Coin Laundry

Property Details

Home Type

Apartment

Year Built

Built in 1923

Lot Details

0

Parking

6

Listing Details

  • Cooling: Window Unit(s)
  • Property Sub Type: Apartment
  • Owner Pays: Gas, Heat, Sewer, Water
  • Lot Size Acres: 0.15
  • Year Built: 1923
  • Lot Size: 95 x 175 IRR
  • Directions: I-471 to Memorial Pkwy. Take Memorial Pkwy and take a left onto North Fort Thomas. Building is on the corner of N Ft Thomas Ave and Rob Roy Ave.
  • New Construction: No
  • Structure Type: Apartment
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Johnson Elementary
  • Location Tax Legal Info:Middle or Junior School: Highlands Middle School
  • Location Tax Legal Info:High School: Highlands High
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: No
  • General Property Description:Lot Size Dimensions: 95 x 175 IRR
  • Remarks Misc:Agent Only Remarks: Three apartments are vacant and in need of renovation but could garner $1,000/month rent easily. Occupied units are all month to month and will require 48 hour notice for showings. Apartments are each approximately 1000 sq ft. Landlord pays for Heat, Water & Sanitation. 6 garages rent separately from the apartments. Apartments 3,4 & 6 are vacant and can be shown immediately as well as the larger storefront.
  • Foundation:Poured Concrete: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities Electric Company: Duke
  • Utilities Gas Company: Duke
  • Water Company: NKY Water
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.148
  • General Property Description:Living Area: 12372.0
  • General Property Description:Lot Size Square Feet: 6447.0
  • Security Features:Smoke Detector(s): Yes
  • Location Tax Legal Info:Tax ID: 999-99-15-525.00
  • Appliances Refrigerators: Yes
  • Foundation:Block4: Yes
  • Foundation:Stone3: Yes
  • View:City3: Yes
  • Fencing:Chain Link: Yes
  • Cooling:Window Unit(s): Yes
  • Fencing:Partial2: Yes
  • Roof:Asphalt: Yes
  • General Property Description:_pound_ of Buildings: 2
  • Utilities:Separate Air Condition: Yes
  • Utilities:Separate Gas Electric: Yes
  • Structure Type:Apartment: Yes
  • General Property Description:Number Of Units Total: 8
  • Levels:Three Or More2: Yes
  • Owner Pays:Gas4: Yes
  • Laundry Features:Coin Laundry: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Walk-In Closet(s), Entrance Foyer
  • Heating: Steam
  • Levels: Three Or More
  • Property Type: MultiFamily
  • Tenant Pays: Electricity
  • Number Of Buildings: 2
  • Appliances: Electric Oven, Gas Oven, Refrigerator
  • Accessibility Features: None
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace: No
  • Living Area: 12372.0
  • Window Features: Insulated Window(s), Storm Window(s), Vinyl Frames, Wood Frames
  • Appliances:Electric Oven: Yes
  • Interior Features:Entrance Foyer2: Yes
  • Interior Features:Walk-In Closet(s)2: Yes
  • Appliances:Gas Oven: Yes
  • Basement:Partial: Yes

Exterior Features

  • View: City, Neighborhood
  • Fencing: Chain Link, Partial
  • Roof: Asphalt, Shingle
  • Lot Features: Corner Lot, Near Public Transit
  • View: Yes
  • Construction Type: Brick
  • Exterior Features: Awning(s), Balcony
  • Foundation Details: Block, Poured Concrete, Stone
  • Patio And Porch Features: Covered, Patio, Porch
  • Construction Materials:Brick2: Yes
  • Lot Features:Corner Lot: Yes
  • Window Features:Insulated Window(s): Yes
  • Window Features:Vinyl Frames: Yes
  • Patio and Porch Features:Covered: Yes
  • Patio and Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Accessibility Features:None15: Yes
  • Window Features:Wood Frames: Yes
  • Exterior Features:Balcony: Yes
  • Patio and Porch Features:Awning(s): Yes
  • Exterior Features:Awning(s)2: Yes
  • Window Features:Storm Window(s): Yes
  • Window Features:Awning(s)3: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • General Property Description:Garage Spaces: 6.0
  • Parking Features:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Coin Laundry
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Heating:Steam2: Yes

Schools

  • Elementary School: Johnson Elementary
  • Junior High Dist: Ft Thomas Indep
  • High School: Highlands High
  • Middle Or Junior School: Highlands Middle School

Lot Info

  • Lot Size Sq Ft: 6447.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2023
Closed on
Feb 29, 2024
Sold by
5 Rob Roy Llc
Bought by
Diaz Property Investments Llc
Seller's Agent
Michael McDonough
YOUR TOWN REALTORS
Buyer's Agent
Nat Comisar
Sibcy Cline, REALTORS-Florence
List Price
$675,000
Sold Price
$635,000
Premium/Discount to List
-$40,000
-5.93%
Views
64
Current Estimated Value
$667,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,078
Avg. Annual Appreciation
2.70%
Original Mortgage
$476,250
Outstanding Balance
$327,139
Interest Rate
6.63%
Mortgage Type
Credit Line Revolving
Estimated Equity
$339,939

Purchase Details

Closed on
Sep 1, 2006
Sold by
Mcm Enterprises Inc
Bought by
5 Rob Roy Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,177
Interest Rate
6.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 2004
Sold by
T & P Preperties Inc
Bought by
Mcm Enterprises Inc

Purchase Details

Closed on
Sep 17, 2002
Sold by
Crawford Raymond A
Bought by
T & P Properties Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Diaz Property Investments Llc $635,000 None Listed On Document
Diaz Property Investments Llc $635,000 None Listed On Document
5 Rob Roy Llc $500,000 None Available
Mcm Enterprises Inc -- None Available
T & P Properties Inc $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Property Investments Llc $476,250
Closed Diaz Property Investments Llc $476,250
Previous Owner 5 Rob Roy Llc $61,177
Closed T & P Properties Inc --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $635,000 -5.9% $51 / Sq Ft
11/10/2023 11/10/23 Pending -- -- --
11/02/2023 11/02/23 For Sale $675,000 -- $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
2025 $2,295 $635,000 $80,000 $555,000
2024 $2,295 $596,000 $80,000 $516,000
2023 $2,354 $596,000 $80,000 $516,000
2022 $2,926 $596,000 $80,000 $516,000
2021 $2,996 $596,000 $80,000 $516,000
2020 $3,045 $596,000 $80,000 $516,000
2019 $3,067 $596,000 $80,000 $516,000
2018 $3,030 $596,000 $80,000 $516,000
2017 $2,746 $525,200 $80,000 $445,200
2016 $2,521 $525,200 $0 $0
2015 $2,560 $525,200 $0 $0
2014 $2,512 $525,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 618291

Northern Kentucky Multiple Listing Service

APN: 999-99-15-525.00