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809-811 Madison Ave
Covington, KY 41011
809-811 Madison Ave · Multifamily Property For Sale
·
14,000 SF
PROPERTY FACTS
| Property Type | Multifamily | Lot Size | 0.16 AC |
| Property Subtype | Apartment | Building Size | 14,000 SF |
| Building Class | C | No. Stories | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 14,000 SF |
| No. Stories | 3 |
ABOUT 809-811 MADISON AVE , COVINGTON, KY 41011
The time is now to get in on the next urban hotspot revitalization in Covington Ky. Prime frontage on Madison Ave one block from from Hotel Covington AND also frontage on West 8th across from 85 million dollar Duveneck development ! Priced at under 50 dollars per square foot the heavy lifting is already done on this impressive 3 story mixed used commercial. Build out to suit or white box rental for future tenants. 3 out of 4 of the residential units have been rehabbed with enormous penthouse potential in the 4th penthouse unit loft that boasts over 3600 square feet of living space. Owners suite 3 bedroom loft already complete with all new high end granite and marble finishes, new heat pump and spiral ductwork, bathroom and kitchen remodel, and r30 insulation throughout. 3 retail spaces with potential for 2-3 more as well. Many new Windows, box gutters, tuckpoint and paint, fire alarm,system, hvac, the list goes on. Seller will also consider selling the adjacent 13-15 W8th St property which is a 4 unit residential. WALKING DISTANCE TO MANY destinations such as the popular Braxton Brewery, the Hannaford, Madison theater, Madison Event Center, and 8 blocks from the riverfront. City is offering $20,000 per residential unit in upper level rehab incentives that the seller has not tapped in to. Tax mortoriums as well as other rehab incentives also availible. The timing is right to buy in Covington. Contact Matthew Frank's,to view and for more info.
PROPERTY TAXES
| Parcel Number | 054-23-02-005.00 | Improvements Assessment | $1,198,500 |
| Land Assessment | $80,000 | Total Assessment | $1,278,500 |
PROPERTY TAXES
