Town Plot neighborhood, three-family opportunity available with 11% CAP rate + 26% ROI. This is a turn key three-family ready for someone to owner occupy or start investing. The 1st & 2nd floor are 2 bed/1 bath and the 3rd fl is a 4 bed/1 bath unit. The roof is BRAND NEW w/full strip and chimney rebuild. The property also has some replacement windows throughout. The units feature newer kitchens, baths, laminate flooring + updated fixtures. The utilities are separate and tenant paid - electric H, HW and cooking. There is a driveway to the left of the property (neighbor has an easement) with dirt parking area behind. Increase rents for 11.5+% CAP proforma. Location, LOW maintenance + minimal expenses make this is a great opportunity for someone looking to start their portfolio or add on.
Courtesy of: Berkshire Hathaway NE Prop. Listing information provided courtesy of SmartMLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
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