Great Deal Alert - Triplex
Well, it’s kinda small and it is definitely on a small lot 2500 sq ft – but that is not preventing it from cash flowing and, believe me, that’s an anomaly these days, especially in a good location. Anyway, here’s the specifics: You have two 3 bed 2 bath units and one single. The single is renovated and getting $1374/mo. The 3/2 is renovated and getting $2950/mo. The other 3/2 (smaller) is vacant and just now being rented (we can stop that process right now if you’d like to keep it vacant.) Anyway, that one – also renovated – will get $2600/mo.That brings it to $6924/mo with little to no money being shelled out to maintain the property for at least several years.
At those numbers you have a property in an upside location that will yield you $1500/mo in cash flow, or $18,000 annual cash flow, which comes to approx 7.2% cash on cash return. If you want it, it’s yours! Call me and I will arrange it.