634 Greenup Street, Covington, KY 41011

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. Approx. 5.9 percent cap rate based on historical performance with potential for future rent growth. Financials available upon request. 24-hour notice required for showings.