Covington Starter Home

Asking $112,500 or best offer
If you’re a buyer’s agent: Asking $115,875 (includes a 3% broker compensation) or best offer.

Streamline Realty is representing Rapid Fire Investments who is selling their assignable purchase contract on the property below:

116 E 24th St, Covington, KY, 41014

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To submit an offer or set up a viewing please contact Andy at 8596053273 or email andy@rapidfireinvestments.com

Details:

  • 2bd/1.5ba with 1560 sqft
  • Built in 1904
  • Lot Size: 0.13 Acres
  • Owner Occupied
  • Closing on or before 05/22/26
  • Market Rent: $1,400
  • Current Rent: N/A
  • Located in the heart of Covington, 116 E 24th St is the kind of opportunity savvy investors are always hunting for. This solid brick starter home offers the perfect balance of manageable rehab and strong upside potential. With a medium-level renovation, you can unlock serious value in a market that continues to see steady demand and rising resale prices.

    Surrounded by revitalization and growth, this property is primed for a profitable flip or a strategic buy-and-hold. The bones are there—now it’s your chance to bring the vision and capitalize on the spread. Whether you’re looking to expand your portfolio or secure your next quick-turn project, this is a deal with built-in equity and room to maximize returns.

ARV is $218,000 based on the following comps:

  • 24 Holmesdale Ct in Covington, KY, 41014 is a renovated 1077 SqFt, 2 Bed / 1 Bath that sold for $210,000 on 7/25/2025 ($194.99 per SqFt)
  • 516 E 19th St in Covington, KY, 41014 is a renovated 869 SqFt, 2 Bed / 1.5 Bath that sold for $215,000 on 1/9/2026 ($247.41 per SqFt)
  • 2111 Glenway Ave in Covington, KY, 41014 is a clean but outdated 1296 SqFt, 2 Bed / 1.5 Bath that sold for $237,000 on 9/19/2025 ($182.87 per SqFt)

Repairs:

 Roof: 15+ Years Old, recommend reshingle

HVAC: 15+ Years Old, needs replaced

Water Heater: 5 Years Old, works as should

To submit an offer or set up a viewing please contact Andy at 8596053273 or email andy@rapidfireinvestments.com

Our deals move fast. If you would like to lock the property up, we do accept sight-unseen, no-contingency cash offers.

$2,500 earnest money check required for all buyers.

Title is already open with our preferred partner, Performance Title, ensuring a smoother, expedited closing process by working directly with our trusted team.

Realtors, add your fee (whatever you like) and bring us a buyer!

Not interested in this deal? Click here to view our other listings

We are growing our team!

We are hiring! We believe in developing world-class salespeople, investors, and human beings. This is a career, not just a “job.” Our people will have the ability to earn really well and invest in their future through real estate.

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Risk Acknowledgement: Real estate investing involves substantial risks. Each investor should carefully consider the risk factors and conduct their own due diligence before investing.
Forward-Looking Statements: Statements shown, and on any websites may contain forward-looking statements based on our current expectations, plans, estimates, assumptions, and beliefs that involve numerous risks and uncertainties. Actual results and performance could differ materially from those set forth in this current statement.
Financial Projections: Any financial projections, values, or returns shown on this email are illustrative examples only, and are non-binding. There can be no assurance that any real estate valuations or estimates provided are accurate or in agreement with market or industry valuations.
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Acknowledgment of Risks: Visiting and inspecting properties may involve certain risks, including but not limited to injuries, damages, or harm caused by environmental conditions, structural conditions, other visitors, and pets/animals present on the property. Investors/attendees at inspections voluntarily assume all risks, both known and unknown, associated with property viewing, understanding that such activities may pose hazards including, but not limited to, physical injury, emotional distress, or property damage.

 

 


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Questions? I can Help!

Andy Klunder
Andy KlunderInvestment Sales Specialist
Don’t miss out! To submit an offer or schedule a viewing, contact me now at (859) 605-3273 or (513) 224-5471