Don't miss out on this amazing opportunity with an assumable FHA loan at 3.24% and a monthly payment of $2198! The property consists of three row homes 2615, 2617, & 2619 E Fayette St. The units at 2615 & 2617 E Fayette are combined where 2615 is the entire top floor of both units, and 2617 is the bottom floor of both units. Building 2615 is a 3 Bedroom 2 Bath apartment with full kitchen and living space, currently vacant and ready to rent. Building 2617 was previously used as commercial space, and has 2 adjoining bedrooms/offices, 1 bathroom, a full kitchen, and a large open space. So, there is plenty of opportunity to reconfigure as needed for either commercial or residential use, could possibly be divided into two spaces, it is currently vacant. Building 2619 is a 4 bedroom 2 bathroom row home with a standard configuration, and this unit is rented for $1850/month and the lease is month to month. The roof across all three buildings were done 2 years ago, the furnace in 2619 replaced 2 years ago, the furnace in 2615 is 4 years old, new windows were installed in the basement. The sewer line for 2617 was replaced this year and the lines for 2615 have been updated to PVC within the last few years. There is 1 electric meter for all three units and 1 water bill for all three, 2617 has a separate gas meter but 2615 & 2619 share 1 gas meter. Rents could easily be attained between $1800 - $2000 per unit or more, there is a huge potential for a 9%+ Cap rate. The listing price is less than $200K/building, which is a great value for the area. Zoned C-1, Buyer to verify potential use. Schedule your tour today!
© 2019 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program,
a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Berkshire Hathaway HomeServices PenFed Realty participates,
and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices PenFed Realty
are marked with the IDX logo and detailed information about each listing includes the name of the listing broker.The information provided
by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify
prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no
longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do
not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on
this website at the request of the seller.
Listing information last updated on May 6th, 2024 at 1:31pm CDT.