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Great investment opportunity with a 7.5% Cap! This L-Shaped Ranch offers two wonderful apartments with separate utilities - one with 3 bedrooms, a finished lower level and a garage plus a 2 bedroom unit with basement. Nicely updated kitchens and baths plus hardwood floors in both. Laundry hook-ups, plenty of storage space and a great yard for tenants to enjoy! Large corner lot in quiet neighborhood yet minutes to shopping, cinema, golf and more.
Property Location
12 Frederick Road Essex
Property Details
Sold Price $335,000
Sold Date Mar 9th, 2018
List Price 339,000
Bedrooms 5
Garage Size 1 Car
Cooperation Fee Unknown
Total Bathrooms 2
Year Built 1966
MLS# 4659144
Lot Size 0.34 Acres
Taxes $5,530
Type Multi-Family
Days on Market 3204 Days
Tax Year 2017
Units 2
Stories 1
Road Frontage 250
Annual Income $0
Style Duplex, Ranch
Water Frontage
Annual Expenses $8,409
Finished 2,080 Sqft
Construction No, Existing
Zoning Residential
Above Grade 1,680 Sqft
Seasonal No
Total Rooms 5
Below Grade 400 Sqft
List Date Sep 14th, 2017
Gross Income $0
Operating Expenses $8,409
Net Income $34,500
Expenses Includes
Unit 1 3 Beds, 1 Baths, 1,312 SqFt, $1,575/Mo
Unit 2 2 Beds, 1 Baths, 768 SqFt, $1,300/Mo
ConstructionWood Frame
BasementInterior, Unfinished, Finished
Interior Features
Exterior Features
Exterior Vinyl Siding
Disability Features
Foundation Block
House Color
Floors
Building Certifications
Roof Shingle
HERS Index
DirectionsRoute 15 toward Jericho, left onto Richard Street, left onto Lamell Avenue, right onto Frederick Road, house on right at corner of Marion Avenue.
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