2367 Memorial Parkway Fort Thomas KY 41075

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2367 Memorial Parkway

Fort Thomas, KY 41075

Suburb: Fort Thomas

$975,000

6,270sqft

Under Contract

8 Unit Apartment building in the heart of Ft. Thomas! Directly cross the street from Highlands High School. Five units 2 bed 1 bath. Three of the units 1 bed 1 bath. Large parking lot with 15 car spaces. 3 floors. Laundry room in basement has coin washer and dryers. Each unit has a storage closet in the laundry room. Well maintained brick building. Tenants pay duke energy, owner pays water/sanitation.

Directions

N Ft. Thomas onto Memorial PKWY

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Property Details

General Information

Property Type	MultiFamily
Style	Apartment
Suburb	Fort Thomas
Zip Code	41075
School District	Ft Thomas Indep
MLS#	625772

Additional Information

Levels	Three Or More
Construction	Brick
Lot Dimensions	150x115
Total Acres	0.39
Water	Public
Sewer	Public Sewer
Foundation	Poured Concrete
Semi-Annual Taxes

Property Features

Property SqFt.	6,270
Cars	0
Parking	Driveway, Off Street, Parking Lot, Private
Windows	Vinyl Frames
Heating	Baseboard, Electric
Cooling	Window Unit(s)

Additional Features

Appliances	Dryer, Refrigerator, Washer, Electric Oven

Multi-Family Information

Total Units	8
Parking Spaces	15

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Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

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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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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