Great Tri-plex, low vacancy rate, cash flow over $4000.00 a month. Huge income potential. Large owners unit upstairs with nice open concept. Really a great property, close to military bases. And at this price it's a steal! Come take a look! See supplement for full detailsTriplex consists of one (1) 3 bedroom unit upstairs, and two (2) one bedroom units downstairs. Has a 3 car garage (896 sq ft) on back of the property with alley access.
Unit 1: 3 bed, 2 full bath. 1550 sq feet. Master bed 14x16, master bath off master bedroom. Double closet in master. Two bedrooms ~ 12x12 w large window and closet. W/D in hall closet. Large closet at end of hall. Front bath has pocket door. Front area is open concept, cathedral ceilings, many large windows, wall oven, drop in stove, breakfast bar, large double pantry, many cabinets and cupboards. Dishwasher installed April 2009. Floor professionally refinished Dec 2009. Entire apartment painted Jan 2010. Small deck off the dining area. Two parking spaces. Rents for $1450, but market value for rent on this unit it $1700. Leased through July 2013.
Unit 2: 1 bed, 1 bath. ~ 750 sq ft. Bedroom ~ 12x12 with large closet. Laundry area has W/D and room for extra storage. Open concept kitchen/LR/Dining area with large windows. New laminate floor in kitchen and entry, installed Oct 2009. Pantry, breakfast bar, lots of cabinets and cupboards. New fridge, stove, dishwasher in Oct 2009. Large coat closet in entry. Apartment completely painted in Sept 2009. Rent is $900, and is under market value by ~ $75-100. Rent is on m-m.
Unit 3: 1 bed, 1 bath. ~ 735 sq ft. Bedroom ~ 12x12 w large closet. W/D in hall closet. Linen closet in hall, coat closet in hall. Open concept kitchen/LR/dining area, with large windows, breakfast bar, pantry. New kitchen flooring Aug 2010. New fridge, stove, dishwasher Oct 2009. Entire apartment painted Oct 2009. Rent is $900 and is under market by ~ $75-100. Lease through July 2013.
Garage/Shop: 896 sq ft 3 bay garage/shop. One bay of garage was converted to a studio apt by previous owner. Has kitchenette with sink, fridge, stove; bath has shower, sink, toilet. New window installed in living area, Sept 2009. New electric hot water heater installed Oct 2009. Painted Aug 2009. New garage overhead heater installed Dec 2009. New gas meter installed Dec 2009, to separate this unit from the Triplex gas meter. There is a small office built onto the space, which has the only window on the garage side. One over head door has a garage opener. Unit rents for $800 with tenant paying all utilities. Acess is via alley only. Garage/shop are rented as storage/workshop space only.