Available For Sale - Multifamily

92,000 SF

LISTED BY

Billy Gillman
NAI Bergman, 513-322-6319

AVAILABILITY DETAILS

Size
92,000 SF
Price/SF
N/A - Contact for Info
Listing ID
SA500759
Notes
NAI Bergman is pleased to present Ivy Knoll – Senior Community, located at 800 Highland Ave., Covington, KY 41011 (the “Property”). Built in 1972, and situated on 3.975 Acres with an additional 1.51 acres included, Ivy Knoll offers 98 units, including Studios, One Bedrooms, Companion Suites, and Private Suites. Located off of I-71/75 and minutes from Downtown Cincinnati, Covington and the Cincinnati/Northern Kentucky Airport, the Property is located within a 5 mile radius of a quarter-of-a-million residents.



Recent capital expenditures include new flooring, new roof, installation of solar panels, updated elevators, new HVAC units, and a new fully furnished adulty daycare operation.



Finally, with approximately 40 VA residents, their cost of living increase will positively impact revenue.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Billy Gillman, NAI Bergman
BRE# SAL.2005012929