Cash-Flowing Triplex with Value-Add Potential! Fully occupied and producing $3,275 per month in gross rental income ($39,300 annually), this investment property offers immediate returns and long-term upside. The unit mix includes one 2-bedroom unit and two 1-bedroom units with established rents of $1,400, $1,000, and $875 per month. Great South hill location! Investors will appreciate the opportunity to further increase returns through future rent adjustments, property enhancements, improved operational efficiencies, and potential basement unit expansion. With tenants already in place and income from day one, this property checks the boxes for investors seeking both stability and growth. New roof in 2019 and new vinyl windows in 2025. Rare opportunity to acquire a performing asset with existing cash flow and multiple strategies for increasing value and maximizing ROI. Showings available with accepted offer. AI was used to remove tenant personal items. Buyer and buyer's agent to verify all information.
8 days
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279
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14
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Zillow last checked:
Listing updated:
Listed by:
Chris Patton509-994-5271,
Kelly Right Real Estate of Spokane
Source: SMLS as distributed by MLS GRID,MLS#: 202622528
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.