1601 Fremont Avenue

Description

First time on the market in 46 years. Six generously sized units totaling 6,695 sq ft on a large corner lot sized at 16,308 sq ft. Tenants enjoy a good sized enclosed shared back yard with lawn. The parking area has just been newly paved, with 8 carport spaces, and one uncovered parking space. Exterior was painted in 2019. This property is very walkable with a Walkscore of 81. Within walking and biking distance to local restaurants, parks, shops, and schools. Located in one of the best ranked school districts, the High School and Middle School are only a block away. Both the Metro Gold Line and Metro bus lines are less than one mile away. The apartments are easy to rent due to the convenient location and excellent School District. The property offers generously sized units, onsite community laundry, and covered parking. The tenants are month-to-month and are long-time tenants, and the current rental incomes are significantly below market. In such an excellent location, buyers can quickly add value and increase the income. PLEASE DO NOT DISTURB THE TENANTS. Offer subject to inspection. Buyer to cooperate with seller+GGs 1031 exchange. Due to Covid-19, please email signed CAR PEAD form to listing agent before any showing appointment. Masks must be worn at all times. Agent to present at all showings. It is Buyer's sole responsibility to perform investigations (square footage, lot size, lot dimensions, permits) and satisfy themselves.