Rare Offering, within one block and easy walking distance to college. These never come on the market, and when they do, they go quick!
This triplex really churns out some market rent income at a very robust $76,320 gross annually, which is $6,360 gross monthly. That's huge income for this low asking price.
This offering is a huge triplex at 3,031 square feet. It's been beautifully upgraded and spruced up, inside and out. Check out the beautiful hard wood floors in the pictures!
This complex consists of three 2 bedroom 1 bath units, a laundry room, and four single car garages. Each unit is unusually big at approximately over 1,000 square feet each.
Owner's are elderly and haven't raised rents in decades. But check out the rent comp attached (smaller at 900 sq ft) at only a half block away. As you can see, tenants pay big bucks to be close to the college. And market rents are bringing in $2,100 per month. If you run these rents with actual expenses (see attached) that gives this great performer unheard of returns at a 9.83 Gross Rent Multiplier, an 8.20% Cap Rate, and a stunning 14.55% cash on cash return.
Please see rent roll, market rents with actual expenses, and rent comp.
If you are a direct buyer (w/o an agent), seller wants to know in advance since seller get's a commission discount, and thus can give direct buyer's a better deal. Also, my staff and I will take great care of you, every step of the way. So please give us a call at 951-375-7433.
And if you are an agent, please correspond through text only, and text us at 951-775-5799. We will text back with status by next day.
