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4522 Decoursey Avenue Latonia KY 41015
Listing Information
Price $425,000
Listing Number 513873

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Agent Remarks
Unique Portfolio offering - 5 Buildings with a total of 16 units. Well maintained units with a Cap Rate of 10.65%, Excellent return, Mostly Leased, a couple recent turns going on currently. NOI is estimated based upon the actual in place leases with an 8% vacancy and collection loss and a 40% expense ratio. All buildings have been remodeled with numerous updates of new roofs, windows, HVAC, etc.

General Information
Property TypeMulti Family
StyleApartment 5+ Units
CountyKenton
SubdivisionLatonia
Zip Code41015
School DistrictCovington Independen
Listing Number513873
Property Features
BasementFull
GarageNone
ParkingOn Street
WindowsInsulated
HeatingElectric
CoolingNone
FireplaceNone
Multi-Family Information
Total UnitsMulti Family
Efficiency Unitsof record
1 Bedroom Units8
2 Bedroom Units6
Separate Gas & ElecYes
Separate Furnace/ACYes/Yes
Gross Income$99,900.00
Net Operating Income$53,557.00


Additional Information
Levels2 Story
ConstructionAluminum, Vinyl
Lot Dimensionsof record
GasNone
WaterPublic
SewerPublic
FoundationBlock
OccupancyNegotiable
Additional Features


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This listing courtesy of Realty Executives Select. All Information is believed accurate, but is NOT guaranteed.
The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Hoeting Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.