Active

$340,000

Features:
  • 7 Bedrooms
  • 3 Bathrooms
  • 2056 sq ft
Overview
  • ID: MFRO6289385
  • Bedrooms: 7
  • Bathrooms: 3
  • Size: 2056 sq ft
Property Details
Remarks
Investor's Dream! This income-generating triplex meets the investor 1% rent rule and offers instant cash flow with two units already rented! The front historic 1925 wood-frame home features 3 bedrooms, 1 bathroom, a spacious floor plan, a fully equipped kitchen, and inside laundry. Enjoy the large screened front porch and charm of this well-maintained property, currently rented for $1,550/month. Behind the main home, a solid 1953 two-story block duplex offers two 2-bedroom, 1-bath units, each approximately 600 sq. ft. Both units feature full kitchens and a shared laundry room. The top-floor unit is rented for $950/month, while the ground-floor unit is vacant with a projected rent of $950-$1,000/month. Additional concrete block storage provides space for holiday decorations and maintenance materials. Convenient alley access, prime location near parks, shopping, and dining, and a strong rental history make this a fantastic investment opportunity! Water and Electricity are individually metered.
Financial Considerations
Price:
$340,000
HOA Fee:
N/A
Tax Amount:
$4569.55
Price per SqFt:
$165.37
Tax Legal Description:
LAKE SHIPP ADD PB 2 PG 127 BLK 8 LOT 12
Exterior Features
Lot Size:
7240
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
7
Bathrooms:
3
Heating:
Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Appliances:
Microwave, Range, Range Hood, Refrigerator
Furnished:
No
Floor:
Carpet, Ceramic Tile, Vinyl, Wood
Levels:
N/A
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1925
Construction Type:
Block, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Storage
Additional Features 2:
Buyer and buyers agent to verify any and all rules and regulations deemed important with HOA, City and County
Map
  • Address
    806 AVENUE O SW
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