914 Central Avenue Newport KY 41071

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914 Central Avenue

Newport, KY 41071

Suburb: Newport

$180,000

4bd

2 - 0ba

3,032sqft

Active

Attention Investors this is a good one.. This property is set up as a two family and has been used that way for years. Detached garage, building is in need of complete re-hab. Some Demo has been started. Good solid project. Architectural designs the current owner had drawn available on request. Whole house Inspection available upon request.

Directions

471 to memorial PKY to central

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Property Details

General Information

Property Type	Residential
Style	Single Family Residence
Suburb	Newport
Zip Code	41071
School District	Newport Indep
MLS#	631288

Additional Information

Levels	Two
Construction	Block, Brick
Architecture	Traditional
Lot Dimensions	of record
Total Acres	0.1
Water	Public
Sewer	Public Sewer
Foundation	Block, Stone
Semi-Annual Taxes

Property Features

Property SqFt.	3,032
Basement	None
Cars	2
Parking	Detached, On Street
Windows	Vinyl Frames
Heating	None
Cooling	None
Fireplace	Inoperable

Additional Features

Appliances	Other
HOA Fee 1
HOA Fee 2
HOA Fee 3
Total Yearly HOA Fees

Room Information

	Dimensions	Level
Kitchen	14 x 14	1
Family	16 x 14	1

Bedroom Information

	Dimensions	Level
Master Bedroom	11 x 9	1
Bedroom 3	14 x 14	2

Bathroom Information

	Type	Level

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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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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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