Description

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Rare turnkey, already cash flowing asset in the quietest corner of Lake Fairview! The landlord’s retirement offers you the unique chance to snatch up this approved triplex, boasting three high quality 1/1 units, at a hard to come by 8.4% cap rate as-is. Pros: All units currently rented on 1 year leases, with never a day of vacancy in the last 5 years. Separate meters and water heaters per unit. Separate kitchen with fridge/oven for each. Property has been professionally maintained, with service records available. New roof in 2017, with transferable warranty. Units A & B fully remodeled 5 years ago, Unit C fully remodeled last month. Cons: No central air. Separate window AC units per unit (Unit A & B 5 years old, Unit C 1 year old). Water heater ages unknown for Unit A & B, 1 year old for Unit C. A few windows are difficult to open and might need replacement, but nothing broken. Investor notes: Current LTR rental gross:...