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This 125 year old home is located on the West side of Newport, Kentucky. It was originally a very upscale single family residence but had been converted many years ago to a two family. Remarkably, the original woodwork, ornate finish and four Rookwood Tile mantels remained almost entirely intact.
When these pictures were taken the home was in a state of disrepair and was the property of the municipal housing authority. It has since been sold and is being brought back to its former glory!
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The Housing Authority of Newport / Neighborhood Foundations is currently offering three totally rehabbed homes on the East Side.
These brick 2 story homes feature fully equipped kitchens, 1st or 2nd floor laundry rooms, 1.5 ceramic tile baths and offstreet parking for 2 cars.
Qualified individuals will receive a $40,000 "soft second" mortgage on which they are required to make no payments. This will enable them to purchase these homes- priced at $125,000 - by obtaining a first mortgage for less than $90,000.
This is a tremendous opportunity for buyers who meet the eligibility requirements - I am the Agent for the Housing Authority of Newport and you can contact me for details!
The first phase of the effort by the Housing Authority of Newport, in conjunction with the Hope VI Project, to provide desirable home ownership opportunities to those with low to moderate incomes has been remarkably successful.
To date 23 of the original 24 homes in the First Phase are either Closed or Pending. We have had very positive reports from new homeowners concerning not only the incredible "deal" that they received but also the quality and construction of their new homes. And now that there is an 8K Tax Credit in the mix, the deal they got was that much sweeter.
As of now (6/9/09) only 1 home remains.
It is still possible to become eligible to purchase this home.
For more information please contact:
Frank Sauer
Century 21 Garner Properties
859-462-0544
PS. The next great deal in Newport - fully rehabbed 2 and 2 1/2 story brick homes on the East side of Newport, KY. Details to follow!
The first phase of the effort by the Housing Authority of Newport, in conjunction with the Hope VI Project, to provide desirable home ownership opportunities to those with low to moderate incomes has been remarkably successful.
To date 20 of the original 24 homes in the First Phase are either Closed or Pending. We have had very positive reports from new homeowners concerning not only the incredible "deal" that they received but also the quality and construction of their new homes.
As of now (2/22/09) only 4 homes remain.
It is still possible to become eligible to purchase one of these homes.
For more information please contact:
Frank Sauer
Century 21 Garner Properties
859-462-0544
I am a full time realtor serving the entire Northern Kentucky area. Feel free to call me anytime at 859-462-0544.
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