Back on the market: Attention Buy and Hold Investors: Available now as "For sale by owner," Property will be listed on MLS within a month on completion of projects for $450,000, should generate $2900-$3000 monthly gross income. Buy now, as is, fully vacant and upgrade, or choose your own renters if you prefer. Triplex is 1.5 blocks from Liberty Park with value-add possibilities. Two units. 1 bed/1 bath, approx 720 SF, last rented at $825/month plus $50 a month extra for two pets ($875 total). Lower unit, 2 bed/1 bath, 1200 SF, expected to rent at $1100-$1200/month. Third unit, 1 bed/1 bath, 750 SF, is about to begin kitchen upgrade, with plans for new cabinets, granite counters, kitchen re-wired, whole unit re-painted. Expect to rent at $850-900. Shared laundry, separate gas and electric meters for each unit, with a fourth set of meters for common laundry area (previously billed back to tenants), and approx. 200 SF open storage area. For Value add, consider splitting large lower unit into two one bedrm units, for four units total, with separate laundry for each unit. Make the triplex a fourplex to maximize rents (expect $3200-$3600 monthly) and add $100K in value, or keep as is for nice turn-key opportunity. If using an agent, add commission to price.
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