328-330 E 9th St - Apartments FOR SALE


Newport, KY 41071
$748,000 USD
513-259-3001
328-330 E 9th St, Newport, KY for Sale
$748,000 USD
Apartments - FOR SALE
1/47
null | 8.66% Cap Rate

328-330 E 9th St
Newport, KY 41071


OVERVIEW

328-332 E 9th –2 buildings, 6 units located in the sought-after Historic East Row District, this updated property offers a variety of unique floor plans. Each unit has its own electric, heat, and water meters, with the owner only covering the sewer cost. The upper-level units are two-story floor plans featuring skylights, 2 of the units have laundry in the unit while remaining other four have access to shared laundry facilities in the basement. All units are equipped with forced air heating and 4 or the 6 have central AC. This well-maintained and managed property boasts a gross income of $80K, net income of $65K, and a strong 8.7 CAP rate at the asking price.

FOR SALE DETAILS

PRICE

$748,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

6

PRICE/UNIT

$124,667

CAP RATE

8.66%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

-

APN/PARCEL ID

999-99-05-037.00,999-99-05-038.00

ASK ABOUT THIS PROPERTY

Adam SanregretKeller Williams Advisors RealtyMore Info
513-259-3001

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Adam SanregretKeller Williams Advisors RealtyMore Info
513-259-3001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.