407 Center St, Erlanger, KY, 41018

Erlanger Flip or Rental Play

Asking $129,000 or best offer
If you’re a buyer’s agent: Asking $132,870 (includes a 3% broker compensation) or best offer.

We are selling our assignable purchase contract on the property below:

407 Center St, Erlanger, KY, 41018

For showing instructions or assistance contact Nathan at (513) 224-5471 or email nathan@rapidfireinvestments.com

Details:

2bd/1ba with 1193 sqft
Built in 1945
Lot Size: 0.14 Acres
Owner Occupied
Closing on or before 07/31/26
Market Rent: $1,730
Current Rent: N/A
407 Center Street presents a strong opportunity in the heart of Erlanger, Kentucky—one of Northern Kentucky’s most strategically located and steadily growing markets. This 2 bedroom, 1 bathroom property sits in a pocket supported by consistent end buyer demand and reliable rental activity, driven in part by Erlanger’s proximity to major highways, downtown Cincinnati, and the Cincinnati/Northern Kentucky International Airport just minutes away. With a population that has continued to grow in recent years and a median household income around $75K, the area benefits from stable economic fundamentals and a strong workforce base. Positioned in a market known for accessibility, affordability, and ongoing regional growth, this is an ideal value-add opportunity for investors looking to capitalize on both resale demand and long-term rental potential.

ARV is $220,000 based on the following comps:

107 McAlpin Ave in Erlanger, KY, 41018 is a renovated 1121 SqFt, 2 Bed / 1 Bath that sold for $228,000 on 3/18/2026 ($203.39 per SqFt)
712 Bedinger St in Erlanger, KY, 41018 is a renovated 1197 SqFt, 2 Bed / 1 Bath that sold for $227,000 on 4/30/2026 ($189.64 per SqFt)
3304 Elizabeth St in Erlanger, KY, 41018 is a clean but outdated 1068 SqFt, 2 Bed / 1 Bath that sold for $172,000 on 10/8/2025 ($161.05 per SqFt)

Repairs:

Roof: 7-8 years

HVAC: Unknown – Budgeted Replace

Water Heater: 2023

For showing instructions or assistance contact Nathan at (513) 224-5471 or email nathan@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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Questions? I can Help!

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