Active

$329,000

Features:
  • 4 Bedrooms
  • 4 Bathrooms
  • 1726 sq ft
Overview
  • ID: MFRTB8516855
  • Bedrooms: 4
  • Bathrooms: 4
  • Size: 1726 sq ft
Property Details
Remarks
Excellent cash-flowing triplex with a strong cash-on-cash return. This property offers consistent, reliable income with three easy-to-rent units in a highly desirable rental price range. The affordable monthly rents, for this submarket, help minimize vacancy and attract a steady pool of qualified tenants. While the individual unit rents are slightly below market due to the units non traditonal layout and size, the combined rental income from all three units creates a dependable, high-performing investment with strong cap rate returns. A true cash-flow property with stable returns and long-term income potential. All utilities are separately metered and paid directly by the tenants, helping to minimize owner expenses. The property consists of a main building featuring a 1-bedroom, 1-bath unit currently leased for $900/month and a 2-bedroom, 2-bath unit leased for $1,050/month, plus a detached 1-bedroom, 1-bath cottage generating $930/month. Interior finishes include a combination of durable luxury vinyl plank and tile flooring throughout. Main building received a new roof in 2021 and the cottage roof is 2016. Each unit is equipped with window A/C and heat units, providing simple, cost-effective maintenance and replacement. There is additional value-add potential through future capital improvements and rental increases. Current lease expiration dates are: 4821: December 31, 2026 4823: February 28, 2027 4825: June 30, 2027 Please do not disturb or contact the tenants. Showings are by appointment only and will be coordinated around tenant schedules to minimize disruptions.
Financial Considerations
Price:
$329,000
HOA Fee:
N/A
Tax Amount:
$2544.57
Price per SqFt:
$190.61
Tax Legal Description:
MOORE'S FIRST ADDITION PB 1 PG 57 SOUTH 37.00 FT OF LOT 6 & ALL OF LOT 7 BLOCK 19 OR 9776 PG 3095
Exterior Features
Lot Size:
11484
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
4
Heating:
Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
Range, Range Hood, Refrigerator
Furnished:
Yes
Floor:
Luxury Vinyl, Tile
Levels:
One
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1945
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
None
Additional Features 2:
N/A
Map
  • Address
    4823 9TH ST
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