Great Deal Alert $1,100,000 - Triplex
Okay, here’s one that just might fly under the radar long enough for you to pick up an awesome, multi-family property to add to (or start) your portfolio.
What is the average, multi-family investor looking for in a property these days? Charm/character, good location, not a “money pit” and some decent cash flow. If one could get all these factors rolled into one property, they would feel like they had a good property, right? Well, this one has all of that!
For some reason, the agent has listed this property under “single-family residence,” so most people looking for a great multi-family will not see this property. Also, full disclosure: one of the units has a tenant that is paying way, way, way under market. But the tenant is in her 90s and, according to the listing agent, her daughter is actively finding her a place with assisted living. Once that happens, the numbers on this property will be quite good. Should get you about $2K/mo cash flow.
Let me know if you are interested and, as always, I will help you get it.