Welcome to your prime investment opportunity! This fully renovated CASH FLOW POSITIVE triplex offers a seamless blend of modern convenience and classic charm in a sought-after location directly across from desirable Burton Ettinger School. With a monthly NET income of $4556 and cap rate of 6.95% this building would make a great addition to your portfolio! The tenants pay all of their own heat/electric as each unit includes a new electrical panel, new electric baseboard heaters and their own mini split heat pump! All 3 have also been updated with stylish new kitchens, new kitchen appliances, updated bathrooms, some new durable vinyl plank flooring, stylish light fixtures throughout and have ample parking in the large driveway. Laundry is made easy with new washer/dryer hookups each unit. Additional building upgrades include 3 new hot water heaters, a new back deck, driveway repairs and replacement of ten windows, ensuring energy efficiency and aesthetic appeal. All three units are occupied by great tenants on fixed term leases. Whether you're an investor or homeowner, this renovated gem offers an ideal opportunity for hassle-free living or a lucrative investment. Don't miss out and schedule a viewing today! (id:47421)
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Detailed Information
Amenities Nearby
Golf Course, Park, Playground, Public Transit, Shopping, Place of Worship
Community Features
School Bus
Listing Contract Date
2024-02-26
Location Description
Dutch Village road to Central Avenue or Main Avenue to Alex st to Central Avenue.
Municipal ID
00240846
Ownership Type
Freehold
Property Type
Multi-family
Transaction Type
For sale
Building
Constructed Date
1950
Cooling Type
Air Conditioned, Heat Pump
Exterior Finish
Vinyl
Flooring Type
Hardwood, Tile, Vinyl Plank
Foundation Type
Concrete Perimeter
Type
Triplex
Utility Water
Municipal water
Land
Total Size
0.1528 acres
Amenities
Golf Course, Park, Playground, Public Transit, Shopping, Place of Worship
Sewer
Municipal sewage system
Size of Irregular Land
0.1528
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