1634 W Fargo Avenue
Property Description
Great opportunity to acquire a clean, stable, fully rented classic 6 Flat. Rents are below market and leases are Month to Month with a family member in 1 of the remodeled apartments, each with 2BRs + sunroom. Feats include: restored hardwood features and numerous updates including copper plumbing, windows, dishwashers & disposers, circuit breaker electric as well as the common areas. Bright carpeted hallways bathed in light including skylights. There is a vacant, non-conforming 7th unit 1BR garden-level unit which might be able to add another 10-12K of income annually. Building has been fully tuckpointed, has newer rear porch stairways, newer roof, and a secure enclosed yard & patio, + 2 rentable garage spaces. Each unit has a lockable storage closet, coin laundry onsite, and a tiled rec area in the bright basement.
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,199,000 |
| No. of Units: | 6 |
| Year Built: | 1915 |
| Opportunity Zone: | No |
| Price per unit: | $199,833 |
| Property Website | Click Here |
| Number of Bedrooms: | 13 |
| Number of Bathrooms: | 7 |
ID: 3yd-MREDIL-12724057
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