Description
An Amazing opportunity for an investor looking to expand their portfolio! This beautiful colonial has been converted into a 3 Unit Rental property. All units occupied with long term, reliable tenants. All units are current with there payments and have active 1 year leases. Currently rented out at $799, $750, $850 and the garage at $50. It's even zoned to add more units. Current owner had been in conversation with the city to build on the land behind this property and break the sidewalk to which the city agreed. They were to allow a 6 unit building with garages along Frederick Rd. The new buyer can certainly pick that project up and make it even more valuable. A list of improvements available. Basement is already set up for communal laundry (which could easily be converted to coin laundry) and the basement has room to add rental storage spaces as well.
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5BEDS
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0.26ACRES
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3BATHS
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01/2 BATHS
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2,710SQFT
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$107$/SQFT
Description
An Amazing opportunity for an investor looking to expand their portfolio! This beautiful colonial has been converted into a 3 Unit Rental property. All units occupied with long term, reliable tenants. All units are current with there payments and have active 1 year leases. Currently rented out at $799, $750, $850 and the garage at $50. It's even zoned to add more units. Current owner had been in conversation with the city to build on the land behind this property and break the sidewalk to which the city agreed. They were to allow a 6 unit building with garages along Frederick Rd. The new buyer can certainly pick that project up and make it even more valuable. A list of improvements available. Basement is already set up for communal laundry (which could easily be converted to coin laundry) and the basement has room to add rental storage spaces as well.
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