513-604-4530
800 Highland Ave, Covington, KY for Sale
Assisted Livings - FOR SALE
1/19
null | Request Cap Rate

800 Highland Ave
Covington, KY 41011


HIGHLIGHTS

  • Investment opportunity to purchase a senior living facility with a mixture of 98 units of studios, one-bedrooms, companion suites, & private suites.
  • Surrounded by many nearby amenities including Kroger, Family Dollar, Papa John's Pizza, and Truist Bank.
  • Recent capital expenditures include new flooring and roof, solar panels, updated elevators, updated HVAC, and a furnished adult daycare operation.
  • Ivy Knoll is nestled within Covington, an upscale, family-friendly Cincinnati suburb located directly across the Ohio River from Cincinnati.

OVERVIEW

NAI Bergman is please 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.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ivy Knoll

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.98 AC

LAND SF

173,369 SF

ZONING

-

APN/PARCEL ID

055-21-02-086.01

ASK ABOUT THIS PROPERTY

Billy GillmanNAI BergmanMore Info
513-604-4530

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Billy GillmanNAI BergmanMore Info
513-604-4530

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.