121 Taylor Ave Bellevue, KY 41073
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 121 Taylor Ave
- Property type
- Residential income homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bellevue
- County
- Campbell
- State
- Kentucky
- Longitude
- -84.484088927049
- Latitude
- 39.106425186083
