Description
LOCATION! LOCATION! LOCATION! Walking distance to Zoo, Lauritzen & E- School. This fully rented triplex brings in $995, $850, and $750 in rent, plus a $100 utility reimbursement from each tenant. Tenants pay their own electricity, and each unit features electric heat and window AC units. The property has seen over $96,000 in updates, including a complete rebuild of the bottom unit, three new electric furnaces installed in May 2023, new flooring and paint throughout in early 2022, $8,000 in electrical upgrades, plumbing city code violations, due to new pvc pipe was installed and now needs to be replaced with cast iron-as this is not allowed in a multifamily. See attached docs. Plumbing estimate included, the listing was reduced to offset plumbing estimate. The exterior features a rebuilt retaining wall and new fencing. Additional safety rail needed. New owners will be given 6 months to fix violations. This property is a great addition to any portfolio, Sold as is.Truly a beautiful Unit.
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4BEDS
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0.2ACRES
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3BATHS
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01/2 BATHS
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3,120SQFT
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$72$/SQFT
School Information
Description
LOCATION! LOCATION! LOCATION! Walking distance to Zoo, Lauritzen & E- School. This fully rented triplex brings in $995, $850, and $750 in rent, plus a $100 utility reimbursement from each tenant. Tenants pay their own electricity, and each unit features electric heat and window AC units. The property has seen over $96,000 in updates, including a complete rebuild of the bottom unit, three new electric furnaces installed in May 2023, new flooring and paint throughout in early 2022, $8,000 in electrical upgrades, plumbing city code violations, due to new pvc pipe was installed and now needs to be replaced with cast iron-as this is not allowed in a multifamily. See attached docs. Plumbing estimate included, the listing was reduced to offset plumbing estimate. The exterior features a rebuilt retaining wall and new fencing. Additional safety rail needed. New owners will be given 6 months to fix violations. This property is a great addition to any portfolio, Sold as is.Truly a beautiful Unit.
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