For Sale
Call for price

800 Highland AveCovington, KY 41011

98-unit senior living facility, Covington, KY

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 98-unit senior living community, Ivy Knoll, presents a compelling investment opportunity. Situated on a generous 5.495-acre lot (3.98 acres + 1.51 acres) at 800 Highland Ave, Fort Wright, KY 41011, this seven-story building boasts 92,000 square feet of space. Constructed in 1972, the property includes a mix of studio, one-bedroom, companion, and private suites. A significant portion of the units (30) are fully staffed 24/7, while the remaining 68 offer independent living. The property benefits from its convenient location off I-71/75, providing easy access to Downtown Cincinnati, Covington, and the Cincinnati/Northern Kentucky Airport (CVG). The community is within a five-mile radius of a population exceeding 250,000 residents. Recent capital improvements have significantly enhanced the property, including a new roof, updated flooring, modernized elevators, new HVAC systems, and the installation of solar panels. Furthermore, a new, fully furnished adult daycare center has been added. Approximately 40 residents utilize VA benefits, ensuring a stable and potentially growing revenue stream due to cost-of-living adjustments. This property offers a unique blend of established occupancy, recent upgrades, and a strategic location, making it an attractive investment prospect in the thriving Kentucky market. The property's APN is 055-21-02-086.01.

Highlights

  • Ivy Knoll Senior Community, a 98-unit property.
  • 7-story building on a 5.495-acre lot (3.98 acres + 1.51 acres) at 800 Highland Ave, Fort Wright, KY 41011.
  • 98 units total: 30 units with 24/7 staffing and 68 independent living units.
  • Convenient location off I-71/75, minutes from Downtown Cincinnati, Covington, and CVG Airport.
  • Recently renovated with a new roof, updated flooring, modernized elevators, new HVAC, and solar panels; includes a new adult daycare center.

Property Details for 800 Highland Ave

Property type
Retirement homes
Square Feet
92,000 SF
Year Built
1972
Buildings
1
Stories
7
Lot Size (sq. ft)
173,369 SF
Units
98

Location Insight

City
Covington
County
Kenton
State
Kentucky
Latitude
39.0644692
Longitude
-84.5200088
800 Highland Ave, Covington, Kentucky

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
800 Highland Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message