Value-Add Triplex Opportunity | Strong Income Potential Excellent opportunity to acquire a three-unit property consisting of two separate buildings with significant upside potential. The first building features two spacious units: One 3-bedroom, 1-bath unit & One 3-bedroom, 2-bath unit. The second building offers a 1-bedroom, 1-bath unit, which is already rent-ready and positioned to generate immediate income. The remaining two units are in the final stages of renovation and present a prime value-add opportunity. Renovation items left to complete include: HVAC installation, Electrical completion in one unit, and other finish work Estimated remaining renovation cost is approximately $15,000, making this an attractive light-finish project. Once completed, the property has the potential to generate approximately $3,600 per month in gross rental income, with an estimated after-repair value (ARV) of $345,000 or more. Whether you're looking to expand your rental portfolio or secure a high-upside multifamily investment, this property offers strong cash flow potential and equity growth. Sold as-is.
141 days
|
330
|
22
|
Zillow last checked:
Listing updated:
Listed by:
Ralph L Davis II478-832-1362,
MIH Realty & Investments
Source: GAMLS,MLS#: 10695460
Loading...
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Heating
Central
Cooling
Central Air
Features
Basement: Crawl Space
Has fireplace: No
Property
Parking
Parking features: Off Street
Features
Levels: One
Stories: 1
Lot
Size: 0.31 Acres
Details
Parcel number: 050 002 001
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Duplex, Triplex
Materials
Vinyl Siding
Condition
Updated/Remodeled
New construction: No
Year built: 1930
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Individual Meters, Sewer Connected, Water Individual Meters
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.