920 Washington Avenue, Newport, KY 41071
- $1,250,000
- 7,903
- SqFt
- Sold Price
- $1,250,000
- List Price
- $1,295,000
- Closing Date
- May 15, 2025
- MLS#
- 630820
- Status
- SOLD
- County
- Campbell
- City
- Newport
- Living Area
- 7,903
- Acres
- 0.20
Property Description
15 unit apartment building in the Historic District of Newport that has been completely renovated three years ago. Plumbing, electric, HVAC and roof are all updated. Property stays rented over 95 percent occupancy annually. Every unit has tiled showers, new kitchens and appliances. There is coin laundry in the common area. There is a parking lot behind the building for 15 vehicles. The property is very easy to rent with low turnover and still has years of low maintenance and cap X due to the recent renovation. Before showing the property, buyers must send a LOI based off the T12 and rent roll. Property is fully occupied. 48 hour notice for showings.
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Additional Information
- Year Built
- 1890
- Fireplace Description
- Brick, Inoperable
- Cooling
- Central Air
- Heating
- Natural Gas, Electric, Forced Air
- Roof
- Membrane
- School District
- Newport Indep
- Elementary School
- Newport Elementary
- Middle School
- Newport Intermediate
- High School
- Newport High
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Listing courtesy of RE/MAX Victory + Affiliates. Selling Office: Transaction Alliance LLC.