Back on Market! Completely Remodeled 8% Cap in Belvidere---Turn key 3 Unit Multi Family Income Property in the town center---Two 2 BR Apartments and One 1 BR Apartment, all have 1 BA---Recently remodeled inside and out including full new roof---Tenants pay for all utilities except water/sewer and garbage---Great in town corner location, very walkable for tenants---Ideal for investors looking for an easy to maintain investment with a strong cash flow.
87 days
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57
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Zillow last checked:
Listing updated:
Listed by:
Marc Weitz973-726-7800,
Fairclough Realtors
Source: GSMLS,MLS#: 4030232
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3
Heating
Baseboard - Electric, Electric
Cooling
See Remarks
Appliances
Included: See Remarks, Electric Water Heater
Features
Bedrooms, Kitchen, Living Room, Master Bedroom, See Remarks
Basement: Yes,Unfinished
Has fireplace: No
Interior area
Total structure area: 2,997
Total interior livable area: 2,997 sqft
Property
Parking
Parking features: See Remarks
Lot
Size: 2,613 Square Feet
Dimensions: 29 x 72 IRR. .058AC
Features: Corner Lot
Details
Parcel number: 3003000160000000010000
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Wood Siding
Roof: Asphalt Shingle
Condition
Year built: 1888
Major remodel year: 2024
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, See Remarks, Cable Connected, Garbage Included
Community & HOA
Location
Region: Belvidere
Financial & listing details
Price per square foot: $170/sqft
Tax assessed value: $180,000
Annual tax amount: $5,943
Date on market: 5/27/2026
Total actual rent: 4626
Tenant pays: Electricity, Tenant Pays Heat, Tenant Pays Electric