612 Monroe St - Apartments FOR SALE


Newport, KY 41071
$845,000 USD
859-415-2556
612 Monroe St, Newport, KY for Sale
$845,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

612 Monroe St
Newport, KY 41071


OVERVIEW

6-unit building in Newport's East Row Historic District. Three 2-bed units, two 1-bed units and a studio. Most units have updated kitchens and bathrooms. One unit even has its own private patio! Onsite laundry. Just a half mile from Newport on the Levee and the Monmouth Street Historic District - tenets love the convenient location! Seller has increased rents and 2025 EOY rents are projected to be $78,000. Rent/Expense doc attached. Must show approval letter or proof of funds before scheduling a showing. Please give a 48 hr notice as units are occupied. If available, listing agent will be present for showings. Building was inspected by 1st Inspection Services and report is available. **Photos taken between tenets. Units are currently occupied.

FOR SALE DETAILS

PRICE

$845,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

6

PRICE/UNIT

$140,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1886

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

999-99-00-883.00

ASK ABOUT THIS PROPERTY

Dennis HutchinsonComey & Shepherd RealtorsMore Info
859-415-2556

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Dennis HutchinsonComey & Shepherd RealtorsMore Info
859-415-2556

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