731 Philadelphia St
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731 Philadelphia St
4 Unit Apartment Building $675,000 ($168,750/Unit) 6.22% Cap Rate Covington, KY 41011
Investment Highlights
- Remodeled Apartments
- Strong Cash Flow
- Desirable Neighborhood
Executive Summary
Beautiful remodeled 4 family residential property in thriving MainStrasse. Fully occupied. Additional incoming potential due to existing low rents. Owner relocating.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $675,000 | Apartment Style | Low Rise |
| Price Per Unit | $168,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.22% | Building Size | 4,458 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1872 |
| Property Subtype | Apartment |
| Price | $675,000 |
| Price Per Unit | $168,750 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,458 SF |
| No. Stories | 3 |
| Year Built | 1872 |
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Walk Score ®
Very Walkable (88)
-
Pete Kasson - Kasson Construction LLC
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731 Philadelphia St
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