Date Listed: 09/30/2022

Date Sold: 10/31/2022

List Price: $92000

Final Sale Price: $80000

THIS DEAL CLOSED AT 13%

LESS THAN ASKING PRICE

THIS HOME WAS ON THE MARKET FOR 10 DAYS

CONTRACT TO CLOSE IN 21 DAYS

Property Description

*Property description written by Laura B

Have you been looking for the perfect 1031 exchange? This ready for renovation duplex comes with multiple developer tax and monetary incentives offered by the city of Covington. Each level of the building is framed for a three bedroom and two bath unit with pex plumbing run to the bathrooms, kitchens, and bonus...laundry rooms each level, new electric partially run, coveted off-street parking accessible via Collins St. around the back, charming original fireplaces (non-working), tons of natural light from new insulated windows, and welcoming wide front porch all make this Hellentown charmer a win-win. Comparable units in the hyper-local neighborhood rent for avg $1800/mo bringing $3600/mo in gross rent. Potential incentives include: Vacant Property Incentive, facade improvement forgivable loan, (if extended) Opportunity Zone capital gains tax deferment, tax increment financing (TIF), PACE financing for energy efficient upgrades, Qualifying Census Tract projects, et. al. Be part of something big, be part of revitalizing the Eastern Corridor. Call the listing agent for more information or to schedule a walkthrough appointment.

Street Address: 1517 Garrard St

City: Covington

State: KY

Zip Code: 41001

MLSid#: 22021813

County: Kenton

Bedrooms: 6

Bathrooms: 4

Home Size: 2800 Sq Ft

Year Built:

Buyers Agent: NKAR NKAR Non-Member

NKAR Office - non member (o91)

Listing Agent: Laura B Elliott

EXP Realty, LLC (o7773)

Cooling:

Heating: Unknown

Appliances: Unknown

Style: Unknown

Garage: Unknown

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