Detailed Introduction Of This Property
Do not miss out! A fantastic triplex investment opportunity that promises exceptional potential and remarkable returns!
This property offers a unique blend of owner-occupancy and rental income, making it a truly appealing prospect for savvy investors seeking both stability and growth. Situated in a sought-after location, this triplex is currently arranged with one unit occupied by the owner and two units rented out to long-term tenants. However, here's where the excitement begins:
The current rental rates, due to the extended tenancy, are well below the market average, creating an incredible opportunity for immediate value enhancement. With the potential to re-rent these units at the prevailing market rates, the rental income could more than double, boosting your investment returns significantly.
4B2B--1582 sf, market rent rate $3800/m
2B1B --822 sf, market rent rate $3000-$3300/m
1B1B--652 sf, market rent rate $2300/m
And the roof is newly replaced, the property is with solar panel, save your power cost.
when all three units are leased at the market rate, this property is projected to yield an impressive cap rate of approximately 6-7%. This ensures a steady and substantial return on investment, making it a solid addition to your portfolio.