313 York Street
313 York Street Newport, Kentucky 41071 United States

$995,000
 Get directions
 
Listing Courtesy of Tree Ridge Realty, LLC
5,160 Sq Ft.
Interior
.05 Acres
Exterior
Multi Family
Property type
605219
Web Id
605219
MLS ID
Kentucky
Subdivision
Newport Independent
School District
Newport Elementary
Elementary
Newport Intermediate
Middle
Newport High
High
18
days ago
This Property is Currently Contract Pending

About 313 York Street

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 SF5,261 Gross SFGross Annual Income $74,400Estimated Expenses $13,100Net Operating Income $61,3

Listing Courtesy of Tree Ridge Realty, LLC

Amenities

  • Balcony

features

cooling
Propane Heating
Additional Listing Type
In Contract
Listing Courtesy of Tree Ridge Realty, LLC
Listing Courtesy of Tree Ridge Realty, LLC
Contact Agent