1923 Denver St | Covington, KY 41014
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1923 Denver St
Covington, KY 41014
NKY Multifamily Portfolio For Sale · Multifamily Property For Sale
·
61 Units
INVESTMENT HIGHLIGHTS
- All 22 properties are within +/- 11 miles of one another.
- The average current monthly rent per unit is $849.4 as of 2024.
- The entire portfolio is currently managed by a third party property management service.
- The typical property size boasts an average living space of 2,450 SF
- Stabilized Year One Proforma Cap Rate projected at 9.85%.
PROPERTY FACTS
| No. Units | 61 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 36,356 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1999 |
| Zoning | Residential | ||
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 36,356 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1999 |
| Zoning | Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- Walking/Biking Trails
- Public Transportation
- Walk-Up
PROPERTY TAXES
| Parcel Number | 055-32-11-012.00 | Improvements Assessment | $66,200 |
| Land Assessment | $20,000 | Total Assessment | $86,200 |
PROPERTY TAXES
Parcel Number
055-32-11-012.00
Land Assessment
$20,000
Improvements Assessment
$66,200
Total Assessment
$86,200
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