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    121 Taylor Ave Bellevue, KY 41073

    For Sale
    $475,000

    Two 3-bed, 1-bath Kentucky rentals

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a portfolio of two well-maintained, three-bedroom, one-bathroom single-family rental properties situated in the desirable Bellevue, Kentucky area, at 121 Taylor Ave and 453 Clark St, zip code 41073, Campbell County. Offered at $475,000, this portfolio boasts a strong 7.58% cap rate and a current net operating income (NOI) of $36,000. The properties are currently occupied by long-term, month-to-month tenants, providing immediate cash flow. A significant value-add opportunity exists, with the potential to increase monthly rental income by $12,000-$24,000 through market rate adjustments. Even without renovations, rents are below market value, offering immediate upside. With potential for monthly rents of $2,000-$2,600 per unit after updates, this portfolio presents a compelling return on investment. The properties are conveniently located within a 15-minute drive of major cities and attractions, and just 5 minutes from Newport on the Levee. No flood insurance is required. This portfolio is ideal for an owner-user seeking value-add potential in a thriving rental market with strong tenant demand and close proximity to employment centers.

    Property Features for 121 Taylor Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • Long‑term, month‑to‑month tenants in place.
    • Significant value‑add potential: $12,000-$24,000 annual rental increase.
    • Prime location with strong rental demand due to proximity to major employers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.484088927049
    Latitude
    39.106425186083

    Nearby Comparable

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    Nearby Similar for Sale

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    • Contact for pricing
      6,677 SF

      Mixed-Use Building with Rooftop Deck

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    FAQs

    What type of property is this?
    Multifamily property - Two 3-bed, 1-bath Kentucky rentals
    Where is this multifamily property located?
    The property is located at 121 Taylor Ave Bellevue, KY.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Long-term, month-to-month tenants in place.; Significant value-add potential: $12,000-$24,000 annual rental increase.; Prime location with strong rental demand due to proximity to major employers.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 Taylor Ave Bellevue, KY 41073
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