216-218 W Pike Street Covington KY 41011

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216-218 W Pike Street

Covington, KY 41011

Suburb: Covington

$425,000

2,779sqft

Under Contract

Listing Agent

Rebecca Weber

859-468-2544

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Looking for live/work space with an entire extra lot to build on or garden? Come take a look at this rare opportunity that doesn't come along often... First floor is an 800 sq foot commercial space with a bath and wet bar, the upper 2 floors offer an upside-down floor plan with 1.5 bedrooms, 2 full baths, 2 decks and a lot of awesomeness! Designed by a local architect as a primary residence. Due to flexible zoning, the building can be used in a multitude of ways. Lots of built in storage as well as hand built features that can be found throughout. Centrally located on the Pike Street corridor steps from Mainstrasse and Downtown Covington. Offering immediate occupancy.

Directions

71/75 to MLK exit in Covington - follow Pike Street to 218 W Pike

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Property Details

General Information

Property Type	MultiFamily
Style	Multi Family
Suburb	Covington
Zip Code	41011
School District	Covington Indep
MLS#	626544

Additional Information

Levels	Three Or More
Construction	Brick
Lot Dimensions	46 x 98 irregular
Total Acres	0.09
Water	Public
Sewer	Public Sewer
Foundation	Stone
Semi-Annual Taxes

Property Features

Property SqFt.	2,779
Cars	0
Parking	On Street
Windows	Aluminum Clad Window(s), Wood Frames
Heating	Forced Air, Individual, Natural Gas
Cooling	Central Air, Wall Unit(s), Zoned
Fireplace	Decorative

Additional Features

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

Multi-Family Information

Total Units	2

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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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