$329,000

About This Property

Excellent cash-flowing triplex with a strong cash-on-cash return. This property offers consistent, reliable income with three easy-to-rent units in a highly desirable rental price range. The affordable monthly rents, for this submarket, help minimize vacancy and attract a steady pool of qualified tenants. While the individual unit rents are slightly below market due to the units non traditonal layout and size, the combined rental income from all three units creates a dependable, high-performing investment with strong cap rate returns. A true cash-flow property with stable returns and long-term income potential. All utilities are separately metered and paid directly by the tenants, helping to minimize owner expenses. The property consists of a main building featuring a 1-bedroom, 1-bath unit currently leased for $900/month and a 2-bedroom, 2-bath unit leased for $1,050/month, plus a detached 1-bedroom, 1-bath cottage generating $930/month. Interior finishes include a combination of durable luxury vinyl plank and tile flooring throughout. Main building received a new roof in 2021 and the cottage roof is 2016. Each unit is equipped with window A/C and heat units, providing simple, cost-effective maintenance and replacement. There is additional value-add potential through future capital improvements and rental increases. Current lease expiration dates are: 4821: December 31, 2026 4823: February 28, 2027 4825: June 30, 2027 Please do not disturb or contact the tenants. Showings are by appointment only and will be coordinated around tenant schedules to minimize disruptions.

infoProperty Details

Property Type

Triplex

Year Built

1945

Living Area

1,726 sqft

Lot Size

0.26 acres

Bedrooms

4

Bathrooms

4

Ownership

Fee Simple

Days on Market

35

List Date

chairInterior Features

yardExterior & Lot

Listed By

PHILLIP SCOTT MANAGEMENT & INV

727-712-6073

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