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.

Essential Information

MLS® #4852793
Price$525,000
Tax Amount$11,141
Bedrooms8
Bathrooms4.00
Full Baths4
Square Footage2,600
Acres0.06
Year Built1900
TypeMulti-Family 2-4
Sub-TypeTriplex
StyleColonial
StatusActive

Community Information

Address112 Fremont Street
AreaPeekskill
CityPeekskill
CountyWestchester
StateNY
Zip Code10566

Amenities

ParkingStreet Parking

Amenities

Close to Bus, Close to Park, Close to School, Close to Shops, Fenced, Patio, Porch, Walk Out Basement

Interior

HeatingRadiator
CoolingNone
Has BasementYes
BasementWalk Out, Partially Finished

Exterior

ExteriorVinyl
ConstructionFrame

School Information

DistrictPeekskill
ElementaryPeekskill
MiddlePeekskill
HighPeekskill

Listing Details

Listing Courtesy ofContinental Real Estate Group

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Listing information last updated on January 23rd, 2019 at 10:28pm CST.

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