Cap Rate of 8! Duplex/Triplex opportunities are rare in this market. Get this triplex for $47.5k per unit! The current owner has intentionally not re-rented units A & C for potential buyers to view them empty, and have the freedom to make any changes/renovations they wish after purchase. If put on the rental market, a tenant would be placed by the weekend, demand is so strong. Don't let this investment opportunity pass you by! Unit C has cosmetic repairs needed from the last tenant skipping out and causing damage to walls/doors. This is an investment property opportunity for you, total monthly rent: $2100. Yearly revenue of $25200! With renovation, rents could be pushed even higher.
Listing Date: 05-20-2019
Sold Date: 06-14-2019
Aprox Days on Market: 
24 day(s)
Listing Sold: 
4 Year(s), 10 month(s), 18 day(s) ago
Original Asking Price: $143,500
Asking Price: $143,500
Selling Price: $104,000
Price Difference From Original:
Reduced By $39,500
Price Difference From Asking:
Reduced By $39,500
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Year Built: 1981
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Fireplace: No
Lot Size: 0.27
Lot Size Units: Acres
Acres: 0.27
Lot Sqft: 11761.2
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: B
Stories: 1
Foundation: Crawl Space
Exterior: Brick, Wood Siding
New Construction: No
Roof: Architectural
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Triplex
Beds: 6
Sold Date: 2019-06-14T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Unit Sqft: 900
Unit Sqft: 900
Unit Sqft: 900
Sqft: 2590
Number of Units Total: 3
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 2
Water Source: Public
Utilities: SCE & G
Heating: No
Water Sewer: Public Sewer
Cooling: Yes
Waterfront: No
Courtesy of listing office Live Oak Real Estate