Description
Investment Triplex next to University! Steps from the University with easy access to downtown and major city routes. This triplex property is an ideal investment for rental income or owner-occupancy with rental benefits. Unit 1: built in 2015; this modern 3-bdrm unit offers contemporary finishes, spacious living areas and excellent tenant appeal. Unit 2 & 3: located in the original duplex building; both units feature well- maintained interiors with consistent rental history. The pictures are from 2016 before the units were occupied. Units 2 & 3 (the duplex) were updated at the same time Unit 1 was constructed in 2015. Current cap rate is low due to long standing below market rents. New owner can significantly increase cash flow by adjusting rents to meet current market demand. Maximize your return; this property presents a unique value-add opportunity for savvy investors looking to capitalize on under market rents in a high-demand area. Seller is related to Listing Agent.
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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3,340SQFT
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$284$/SQFT
School Information
Description
Investment Triplex next to University! Steps from the University with easy access to downtown and major city routes. This triplex property is an ideal investment for rental income or owner-occupancy with rental benefits. Unit 1: built in 2015; this modern 3-bdrm unit offers contemporary finishes, spacious living areas and excellent tenant appeal. Unit 2 & 3: located in the original duplex building; both units feature well- maintained interiors with consistent rental history. The pictures are from 2016 before the units were occupied. Units 2 & 3 (the duplex) were updated at the same time Unit 1 was constructed in 2015. Current cap rate is low due to long standing below market rents. New owner can significantly increase cash flow by adjusting rents to meet current market demand. Maximize your return; this property presents a unique value-add opportunity for savvy investors looking to capitalize on under market rents in a high-demand area. Seller is related to Listing Agent.
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