Description
Spacious Triplex on a corner lot consisting of (1) 5BR/2BA unit, (1) 4BR/2BA unit, and (1) studio with an attached 2-car garage with paid solar. The two large apartments are being used as a rooming house with a total of twelve rooms rented out individually, each with their own lease agreement, for a total of 13 tenants. This property delivers excellent cash flow with a rent roll of $10,000 / month with a 13% cap rate. Whether you choose to continue operating the property as a rooming house or explore other rental options, this triplex presents an investment with a range of possibilities to capitalize on its income potential.
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12BEDS
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0.15ACRES
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5BATHS
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01/2 BATHS
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3,360SQFT
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$268$/SQFT
School Ratings & Info
Description
Spacious Triplex on a corner lot consisting of (1) 5BR/2BA unit, (1) 4BR/2BA unit, and (1) studio with an attached 2-car garage with paid solar. The two large apartments are being used as a rooming house with a total of twelve rooms rented out individually, each with their own lease agreement, for a total of 13 tenants. This property delivers excellent cash flow with a rent roll of $10,000 / month with a 13% cap rate. Whether you choose to continue operating the property as a rooming house or explore other rental options, this triplex presents an investment with a range of possibilities to capitalize on its income potential.
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