Description
Great price on under performing multifamily. Great entry triplex with $5500 Pre Tax Cash Flow on conservative potential performance NET. Thats a 7.57% CAP Rate, 12.07% Cash on Cash. Lots of value add with onsite laundry and a huge lot! Property has been mismanaged and is ready for new management and a new owner. Lots of updates in the property with newer tile, shower surrounds, fresh paint and carpet in 2 of the units just needs a little TLC to get it up to peak performance.
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2BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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2,142SQFT
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$107$/SQFT
School Ratings & Info
Description
Great price on under performing multifamily. Great entry triplex with $5500 Pre Tax Cash Flow on conservative potential performance NET. Thats a 7.57% CAP Rate, 12.07% Cash on Cash. Lots of value add with onsite laundry and a huge lot! Property has been mismanaged and is ready for new management and a new owner. Lots of updates in the property with newer tile, shower surrounds, fresh paint and carpet in 2 of the units just needs a little TLC to get it up to peak performance.
IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2022-08-11T22:05:15.63.
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Listing courtesy of Ps Properties. © 2022 Southwest Multiple Listing Service, Inc.