112 Fremont Street, Peekskill, NY 10566

$525,000
8
BD
4
BA
2,600
SqFt
List Price
$525,000
MLS#
4852793
Status
ACTIVE
Style
Colonial
Subtype
Multi-Family 2-4
Bedrooms
8
Bathrooms
4
Full-baths
4
Square Footage
2,600
Acres
0.06
Neighborhood
Peekskill

Property Description

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.

Additional Information

Year Built
1900
Amenities
Close to Bus, Close to Park, Close to School, Close to Shops, Fenced, Patio, Porch, Walk Out Basement
Taxes
$11,141
Exterior
Vinyl
School District
Peekskill
Sewer
Municipal
Parking
Street Parking
Water
Municipal
Cooling
None
Heating
Radiator
Elementary School
Peekskill

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Derek Eisenberg from Continental Real Estate Group


The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Real Estate Company are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. Copyright 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.