Description
Premiere triplex located on the cusp of Midtown and Land Park. Features two units on the ground floor, each 1bed/1bath and measuring 775 SF. The entire second floor is a 3bed/1 bath unit measuring ~1,550 SF. All three units have been renovated over the last 3 years including upgraded kitchens, bathrooms, flooring, paint, dual-pane windows, lighting, and in-unit washer/dryer. Building infrastructure is also virtually new including new membrane roof in 2022, mini-split HVAC units, plumbing, electrical, insulation, interior/exterior paint, and landscaping/irrigation. Detached garage with three separate stalls, which can also be demolished make way for an new residential structure/ADUs along W Street. This property is truly turn key and perfect for a 1031 exchange or long-term investment. Cap rate is 4.14% on actual income and expenses.
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Premiere triplex located on the cusp of Midtown and Land Park. Features two units on the ground floor, each 1bed/1bath and measuring 775 SF. The entire second floor is a 3bed/1 bath unit measuring ~1,550 SF. All three units have been renovated over the last 3 years including upgraded kitchens, bathrooms, flooring, paint, dual-pane windows, lighting, and in-unit washer/dryer. Building infrastructure is also virtually new including new membrane roof in 2022, mini-split HVAC units, plumbing, electrical, insulation, interior/exterior paint, and landscaping/irrigation. Detached garage with three separate stalls, which can also be demolished make way for an new residential structure/ADUs along W Street. This property is truly turn key and perfect for a 1031 exchange or long-term investment. Cap rate is 4.14% on actual income and expenses.
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