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313 York Street

Newport, KY 41071
  • $1,095,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 605219
UPDATED: 211 min ago
$1,095,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,160
    SQFT
  • $212
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

UNBEATABLE LOCATION, OVER $74K IN IN PLACE GROSS ANNUAL INCOME, AND OPPORTUNITY TO GROW TO $110K+. Completely renovated 4 unit Multifamily property with Commercial zoning in the middle of Newport redevelopment... offering limitless opportunities for the future. Building is one property from the bridge to downtown Cincinnati, Great American Ballpark, Newport on the Levee, the new $1B Ovation development, and a short walk to Paul Brown Stadium, the Banks, and all the other attractions. Completely renovated with top notch finishes throughout, granite countertops, wood flooring, stainless appliances, and designer lighting and cabinetry. New mechanical, electrical, plumbing, and roofing. Separately metered heating, cooling, electric and gas for main units. Topped off with multiple levels of large patios and decks with views of downtown Cincinnati and the fireworks. Currently leased at or under $1.50/ SF with surrounding comps exceeding $2.00/ SF.... Room to grow as an income producing property along with being in the path of more future redevelopment. Basic Financials: 4,733 Rentable SF 5,261 Gross SF Gross Annual Income $74,400 Estimated Expenses $13,100 Net Operating Income $61,3

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© 2022 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Apex Group | Keller Williams are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. All data provided is copyrighted by the Northern Kentucky Multiple Listing Service, Inc. Its use is strictly for consumers of real estate and may only be displayed on the internet by participating members of the Northern Kentucky Multiple Listing Service. All attempts to illegally reproduce or host this data will be prosecuted to the fullest extent of the law. Data last updated: 2022-06-28T23:49:24.673.
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313 York Street Newport, KY 41071

  • Price: $1,095,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 211 min ago
  • MLS #: 605219
0
Beds
0
Baths
0
½ Baths
0.05
Acres
5,160
SQFT
$212
$/SQFT
Neighborhood:
Newport
County:
Campbell
Area:
Newport
Elementary School:
Newport Elementary
Middle School:
Newport Intermediate
High School:
Newport High
School District:
Newport Indep
Property Description
UNBEATABLE LOCATION, OVER $74K IN IN PLACE GROSS ANNUAL INCOME, AND OPPORTUNITY TO GROW TO $110K+. Completely renovated 4 unit Multifamily property with Commercial zoning in the middle of Newport redevelopment... offering limitless opportunities for the future. Building is one property from the bridge to downtown Cincinnati, Great American Ballpark, Newport on the Levee, the new $1B Ovation development, and a short walk to Paul Brown Stadium, the Banks, and all the other attractions. Completely renovated with top notch finishes throughout, granite countertops, wood flooring, stainless appliances, and designer lighting and cabinetry. New mechanical, electrical, plumbing, and roofing. Separately metered heating, cooling, electric and gas for main units. Topped off with multiple levels of large patios and decks with views of downtown Cincinnati and the fireworks. Currently leased at or under $1.50/ SF with surrounding comps exceeding $2.00/ SF.... Room to grow as an income producing property along with being in the path of more future redevelopment. Basic Financials: 4,733 Rentable SF 5,261 Gross SF Gross Annual Income $74,400 Estimated Expenses $13,100 Net Operating Income $61,3
Exterior Features

Attached Garage YN No Construction Materials Brick Exterior Features BalconyLightingOutdoor Grill Parking Features On Street Patio And Porch Features CoveredPatioPorch Roof Shingle View CitySkyline View YN Yes

Interior Features

Basement Full Cooling Multi UnitsCentral AirWindow Unit(S) Cooling YN Yes Fireplace Features BrickInoperable Fireplace YN No Heating Forced AirIndividual Heating Fuel Natural Gas Heating YN Yes Interior Features Track LightingOpen FloorplanKitchen IslandGranite Counters Living Area 5160 Window Features Vinyl Frames

Property Features

Frontage Length 0 Lot Size Dimensions 32X72 Maintenance Expense 900 Net Operating Income 61300 New Construction YN No New Taxes Expense 6500 Owner Pays SewerWater Property Class Multifamily Property Condition Existing Structure Property Sub Type Multi Family Sewer Public Sewer Structure Type Quadruplex Tenant Pays GasHeat Utilities Cable AvailableNatural Gas AvailableSewer AvailableWater Available Water Sewer Expense 2400 Water Source Public

Courtesy of Tree Ridge Realty, Llc. © 2022 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. Information has not been verified, is not guaranteed, and subject to change.


© 2022 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Apex Group | Keller Williams are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. All data provided is copyrighted by the Northern Kentucky Multiple Listing Service, Inc. Its use is strictly for consumers of real estate and may only be displayed on the internet by participating members of the Northern Kentucky Multiple Listing Service. All attempts to illegally reproduce or host this data will be prosecuted to the fullest extent of the law. Data last updated: 2022-06-28T23:49:24.673.
 
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Apex Group | Keller Williams
7210 Turfway Rd
Florence KY, 41042