TITLE:
5 unit Newport, Ky
CONTROL:
Exclusive
VALUE:
$370,000
LOAN:
$0
EQUITY:
$370,000
TYPE:
Multi-Family
HAVE:
Well-maintained 5-unit multifamily in a prime Newport location, just minutes from downtown Cincinnati. Updated interiors with separate utilities, strong tenant demand, and stable cash flow make this an excellent investment with upside potential. All secti
ADDRESS:
1032 Columbia St, Newport, Kentucky
BENEFITS TO NEW OWNER:
Solid cash flow property in the path of progress
GROSS SCHEDULED INCOME:
$57,792 Projected
VACANCY LOSS:
$2,890
GROSS EFFECTIVE INCOME:
$54,902
EXPENSES:
$26,006
NOI:
$28,896
DEBT SERVICE:
$0
CASH FLOW:
$28,896
CAP RATE:
7.81%
BENEFITS SOUGHT:
Larger multifamily or indutrial property with management in place
CAN ADD:
duolex
COUNSELOR:
Jim Carmichael
Berkshire Hathaway Commercial Real Estate
2320 Grandview Drive
Fort Mitchell, Kentucky, 41017
