513 E 16th Street, Covington, KY 41014

Property Description

Up for Auction! This income-producing duplex presents an excellent opportunity for both owner-occupants and investors alike. Conveniently located near downtown Covington's restaurants, entertainment, shopping, and commuter routes, this property offers flexibility and strong potential. The first-floor unit is currently vacant and newly rehabbed, featuring 2 bedrooms, updated finishes, a spacious kitchen, and a dedicated laundry room with washer/dryer hookups. A new furnace has also been installed, making the unit move-in or rent-ready immediately. The second-floor unit is occupied by a month-to-month tenant paying $930/month, providing immediate rental income. This 1-bedroom unit includes central air conditioning, and the property features separately metered gas and electric utilities. Whether you're looking to live in one unit while generating rental income from the other, or add a cash-flowing property to your portfolio, this duplex offers a great opportunity in a growing area. Auction ends 6/4/26 at 6PM. 10 percent buyers premium. Must adhere to terms and conditions prior to bidding.