906 Washington Avenue Newport KY 41071

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906 Washington Avenue

Newport, KY 41071

Suburb: Newport

$995,000

5,623sqft

Active

New Listing

Rare opportunity in East Newport Historic District to own a 9 unit apartment building that has been fully rehabbed and 100 percent occupied. Pictures were taken before tenants moved in. Showings must be scheduled two days ahead of time. Rent roll and T-12 will be shared upon request after proof of ability to close.

Directions

E 10th Street to Washington Avenue

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Property Details

General Information

Property Type	MultiFamily
Style	Apartment
Suburb	Newport
Zip Code	41071
School District	Newport Indep
MLS#	626172

Additional Information

Levels	Three Or More
Construction	Brick
Lot Dimensions	Irregular
Total Acres	0.08
Water	Public
Sewer	Public Sewer
Foundation	Stone
Semi-Annual Taxes

Property Features

Property SqFt.	5,623
Cars	0
Parking	On Street
Windows	Vinyl Frames, Wood Frames
Heating	Forced Air, Natural Gas
Cooling	Central Air, Window Unit(s)
Fireplace	Decorative, Inoperable

Additional Features

Appliances	Dishwasher, Dryer, Microwave, Refrigerator, Washer, Gas Range, Stainless Steel Appliance(s)

Multi-Family Information

Total Units	9

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To determine affordability and approximate loan payments, use the button below to reveal the mortage calculator. Please note that when using the form one of either the 'Down Payment Pct' or 'Amount of Loan' fields, but not both, must be set to zero to complete the calculation.

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You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

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Or if you know the price of the real estate and the loan amout and enter "0" for the down payment percentage, the calculator will calculate the down payment amount and percentage.

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.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

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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