1808 Madison Avenue Covington KY 41014

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1808 Madison Avenue

Covington, KY 41014

Suburb: Covington

$250,000

1,954sqft

Active

3 story brick duplex with off street parking right on Madison Avenue! This historic brick offers 2 apartments, a fenced in yard, and off street parking for up to 4 vehicles. The first floor is a 2 bedroom 1 full bath unit. Long term tenants in place that are willing to negotiate a lease to stay. 2nd & 3rd floor is a very large 4 bedroom, 2 full bath apartment. This home features a ton of historical charm and original features. 10' Plus ceilings, natural woodwork and doors. Newer roof, HVAC's, updated electrical panels. Full basement with laundry hook ups. Income producing property with even more upside. Can be purchased as a package with 101 E 12th St in Covington KY at a reduced price.

Directions

75/71 to 12th St, Turn South on Madison Ave, Home is on the left.

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Property Details

General Information

Property Type	MultiFamily
Style	Multi Family
Suburb	Covington
Zip Code	41014
School District	Covington Indep
MLS#	625990

Additional Information

Levels	Three Or More
Construction	Brick
Lot Dimensions	25x90
Total Acres	0.11
Water	Public
Sewer	Public Sewer
Foundation	Stone
Semi-Annual Taxes

Property Features

Property SqFt.	1,954
Cars	0
Parking	Off Street
Windows	Double Hung, Picture Window(s), Slider Window(s), Vinyl Clad Window(s)
Heating	Forced Air, Natural Gas
Cooling	Central Air
Fireplace	Decorative

Additional Features

Appliances	Refrigerator, Gas Range

Multi-Family Information

Total Units	2

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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.)

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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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