526 Philadelphia Street 28 Covington KY 41011

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526 Philadelphia Street 28

Covington, KY 41011

Suburb: Covington

$495,000

3,102sqft

Active

526 Philadelphia Street 28 - MLS# 617526

Listing Agent

Rebecca Weber

859-468-2544

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Shawn Masters

859.393.0383

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If you've been looking for a unicorn then here's your opportunity... Currently set up as 7 individual office rentals with a separate carry out restaurant and outdoor dining area for seasonal enjoyment. There are unlimited possibilities being situated across from one of Covington's most iconic landmarks, The Carol Chimes Bell Tower and Geobel Park. Enjoy everything the Mainstrasse neighborhood has to offer and create a home for your business here or continue to lease as is. The main building on Philadelphia Street has a center staircase, a shared restroom and direct access to the garden. The restaurant building is located on W 6th Street and features a dramatic curved iron staircase to the second floor above the carryout restaurant. Schedule your showing today.

Directions

5th Street exit in Mainstrasse to R on Philadelphia to 526 (at the intersectin of W6th and Philadelphia)

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Property Details

General Information

Property Type	MultiFamily
Style	Multi Family
Suburb	Covington
Zip Code	41011
School District	Covington Indep
MLS#	617526

Additional Information

Levels	Three Or More
Construction	Brick, Fiber Cement
Lot Dimensions	49x100
Total Acres	0.11
Water	Public
Sewer	Public Sewer
Semi-Annual Taxes

Property Features

Property SqFt.	3,102
Basement	Partial
Cars	0
Parking	On Street
Windows	Double Hung, Wood Frames
Heating	Radiant
Cooling	Wall Unit(s), Ductless, Multi Units, Zoned
Fireplace	Decorative

Additional Features

Multi-Family Information

Total Units	7

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If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

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Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator

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 Comey & Shepherd 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.

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