800 Highland Avenue

800 Highland Avenue Covington, KY 41011

800 Highland Avenue, Covington, KY, 41011
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FOR SALE Auction Property
Property Type:
Subsidized Housing
Amount:
Please Call Broker for Price

Last Verified:
Nov 21, 2024

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Highlights

  • Ivy Knoll, Senior Community
  • 3.975 AC + 1.51 AC
  • 98 Units
  • 30 Units Fully Staffed 24/7
  • 68 Independent Living Units
  • Located Off of I-71/75
  • Minutes from Downtown Cincinnati, Covington, and CVG

Description

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.

Located on Highland Avenue in Covington, KY


Year Built: 1972
Building Size: 92000sq ft
Lot Size: 3.98 acres


Documents

800 Highland Ave_Property Brochure

Map of 800 Highland Avenue, Covington, KY, 41011

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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