101 E 43rd Street, Covington, KY 41015

Property Description

Rare 4-Family Investment Opportunity in Covington! This well-maintained 4-unit property offers a strong combination of existing rental income, recent improvements, and significant upside. Each unit features 2 bedrooms and 1 full bath. One unit has been completely updated and is currently vacant, making it ideal for an owner-occupant or ready to rent for $1,250+ per month. A second unit was rehabbed just a few years ago, remains in great condition, and is currently rented for $900/month. The third unit has a long-term tenant of 15+ years paying $600/month, providing stable rental history. The fourth unit is vacant, has been cleaned out, and is ready for the next investor to complete the rehab and bring it to market rent. All four units have approximately 1-year-old central air units. The property has been well cared for and is in overall great condition. Tenants pay their own electric, helping keep landlord operating expenses down. This property has the potential to generate approximately $5,000+ per month in gross rental income, or $60,000+ annually, depending on final rents and lease terms. Great opportunity for an investor looking to add a cash-flowing multifamily property with additional rental upside, or an owner-occupant looking to live in one unit while generating income from the other three.