423-425 Russell Street

Location can't be beat. Just ¼ block for the EXCITING redevelopment of the IRS site,( ''IRS site'' is a 23-acre piece of property a block from the Ohio River being cleared for a multi-use development. Details about the site's history, ongoing work, and the vision for its future can be found on the City's Covington Central Riverfront Development webpage) and steps to MainstrasseMadison entertainment & downtown. This 3 family boasts a large 2 level owner's unit w/ tons of space, 2nd is set up for an Air B and B and third is currently rented & will be vacant by 7/31/22. Beautiful space with updates throughout & all the history preserved within. New carpet on order and will be installed this month. This house & all the mechanicals beautifully-maintained. Gorgeous garden in the back could (if permitted) provide parking. Owners occupy 423/ 1sst fl 425 is airbnb. 1/22-8/22 ave income = $1850 but increased 5/22 so ave 5/22-8/22 = $2600/mo. 2nd floor unit will be vacant as of 7/31/22. Owner will advertise that unit for $1500-$1600/mo.