Description

Investor opportunity in the heart of Covington! This 5-unit multifamily features five one-bedroom apartments with separately metered utilities, offering strong expense control and consistent cash flow. Nearly $40K annual NOI with leases in place into 2026 provides immediate income stability.Recent improvements include a boiler (2019), new AO Smith 75-gallon water heater (2024), and full exterior restoration (2021). Located in a walkable neighborhood next to a local art center and close to coffee, dining, and urban amenities, supporting strong tenant demand.Professional management in place. Financials available upon request. 24-hour notice...read more