Property Description

This is a well-maintained duplex property located near downtown City of Covington. Both units features 936 sq ft with 3 beds, 1 full bath, with in-unit laundry and are rented. Combined total sq ft is 1,872 and 6 beds and 2 baths. Unit A rents for $1130 per month and lease expires on 11/30/2026. Unit B rents for $1045 per month and lease expires on 11/16/2026. Combined total rent is $2175 per month. Current rents are below market for 3BR in Covington - comparable rents are listed at $1300-1600. Major developments nearby includes Rivian's $5B investment broke ground in September 2025 at Stanton Springs North just 9 miles east of subject property - with the first phase of construction expected to begin in 2026 and vehicle production anticipated in 2028. Annual production capacity of up to 400K vehicles is expected once the second phase is complete. Expected to create 7,500 jobs by 2030. Pre-listing inspection completed and major repairs performed. Inspection report, repair receipt, and rent roll available upon request.

Property Features

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