Two renovated townhomes have hit the market in Covington's Licking Riverside Historic District, and the Huff Realty sales team plans to show them off to realtors and qualified buyers during a champagne lunch tomorrow from 11 AM to 2 PM.
Covington real estate developer and philanthropist David Herriman has restored the twin three-story units at
223-225 E 2nd Street, now being offered for $565,000-$575,000.
The Federal style buildings, constructed in the 1850s, were one of the few properties in the district that had not been renovated.
"Each one had three really tacky one-bedroom apartments that had been cobbled out of the property," Herriman says. "Then there was a kind of a 1950s frame addition in the back that we took out. And a dilapidated single-car garage."
Herriman purchased the buildings in February 2008 and began the process of getting approvals from the city for the proper exterior colors, replacement windows, and other building elements.
Because he had experience developing such properties as Riverside Terrace, the Arthur Historic Apartments, rowhouses on 3rd Street and scattered-site infill, the process went smoothly.
"They're pretty particular, which I appreciate," Herriman says. "But Covington has always been very helpful."
Designer and contractor Jerry Ewers of Spaces handled the restoration, which topped $1 million including acquisition costs.
Completely gutted and rebuilt, each unit features oak flooring, granite countertops, stainless steel appliances, a huge master suite and bath, and lots of closet space.
Homeowners will also have access to one garage and one off-street parking space from the adjacent alley, and a private patio that functions as a kind of urban courtyard.
"These would be perfect for a young executive, a young couple, or even empty nesters," Herriman says.
Writer:
Kevin LeMasterSources: David Herriman, developer; Rebecca Weber, Huff Realty
Photography by
Kevin LeMaster
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