Value-add triplex with in-place income and clear path to increased cash flow, priced for entry-level investors seeking value. Property features three separately metered units, including a 1BR (Unit 18), studio (Unit 20), and 2BR (Unit 22). Unit 18 is leased at $825/month (MTM), while the studio and 2BR are vacant--ideal… Read More for lease-up or owner occupancy. Pro forma gross income estimated at ~$32,000/year conservatively, offering a strong foundation with potential to improve through light updates and management. New roof in 2025. Large driveway provides ample off-street parking, and separate utilities help keep operating costs lower. Functional layouts, private entrances, and straightforward unit mix support an efficient lease-up and long-term hold strategy. Convenient access to major roadways and employment centers adds to rental appeal. At $224,900, projected cap rate ~9%. Strong opportunity to build cash flow or offset housing costs. Read Less
This data up-to-date as of . Listing courtesy of NOMAD REALTY.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Triplex
Lot Size
0.11 Acres
Year Built
1954
MLS Number
2136755
30 Days Snapshot Of 32208
$172k
+12%
(avg) sold price
37
+48%
homes sold
108
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1954, Living area: 1,456, 2 total stories
Data last updated . Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated:
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