Extremely rare conforming Triplex in a prime location on a historic section of Owyhee St that is reminiscent of Harrison Blvd. Two 2 Bed / 1 Bath units and one 1 Bed / 1 bath unit. Owned by the same owner (me!) for almost 20 years. Long term tenants of 3 years, 6 years, and 8+ years! The units have central AC and heat, which is a huge plus. Total monthly rents of $3,715... 1517 at $1,350 (increasing to $1,395 on June 1, 2025), 1521 at $1,295 and 1519 at $1,025. Annual rents of $44,580. 2024 actual NOI of $35,065 which yields an impressive 5.6% CAP Rate at a $625,000 purchase price. These units are easy to rent and vacancy has always been well under 3% (usually close to 0% the way I manage it) over the 20 years I have owned it. Newer roof and exterior paint. The main downside is that the interiors could use some updating, particularly units 1517 and 1519. I feel that I have reflected this in the asking price. Also, there is no automatic sprinkling system, so the yard is less-than-perfect, and I rely on tenants to water the lawn. This has never impacted the rent-ability (is that a word?) of the units. Interior showings only with accepted offer. DO NOT disturb tenants. The building is well-kept, and you are more than welcome to do an inspection once under contract, but I will not do any repairs at this purchase price. NOTE TO REALTORS: I am NOT looking for a listing agent, so any attempts at this will be a waste of your time, guaranteed. My asking price is fair and firm. If a buyer's agent is brought in, then the buyer is responsible for paying them.
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