112 Fremont Street
$525,000, 8 Beds 4 Baths 2,600 Sqft .06 Acres
About This Property
Big Income! This fully rented property has gross rents of $60k. Legal 3 family with many recent improvements. Great location near city, schools, park, is always in demand and easy to fill. Further rental upside with minimal capital investment and great candidate for conversion to natural gas saves on both Oil and Electric - gas lines already in utility room. Square footage does not include rear walkout 1BR unit. Investors! GRM of 8.75 and cap rate of 7.37% from day one. 3 units at $5k per month, month to month leases, separate meters. 1 BR rear $1100, 2/3 BR 1st floor $1400, 4/5 BR 2 Full bath duplex $2500 = $5k/mo. Or $60k/yr. Net Income over $38k. Not a foreclosure, short sale, or tear down. It is a great portfolio property for investors who want good cash flow and future upside.
Close to Bus, Close to Park, Close to School, Close to Shops, Fenced, Patio, Porch, Walk Out Basement
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Listing information last updated on March 25th, 2019 at 9:13pm CDT.