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Listed by COLDWELL BANKER REALTY
$135,000
Est. payment /mo
2,970 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1772090
HOA Y/N No
Annual Tax Amount $2,814
Lot Size 2,970 Sqft
Acres 0.0682
Property Sub-Type Triplex
Property Description
FULLY RENTED TRIPLEX — INVESTMENT OPPORTUNITY! Well-positioned income-producing property featuring three rental units, with each unit offering 2 bedrooms and 1 full bathroom. All three units are currently rented, providing an immediate income stream for the next owner. Current monthly rents are $700 for Unit 1, $800 for Unit 2, and $850 for Unit 3, producing a combined monthly rental income of $2,350 and annual gross income of $28,200. The property has a reported NOI of $22,386 annually. At a purchase price of $135,000, the property generates a projected 16.58% annual return based on NOI, with approximately $223,860 in projected NOI over 10 years. Based on 10 years of NOI less the initial purchase price, the estimated gain is approximately $88,860, before considering appreciation, financing, future rent increases, or other changes in operating expenses. With three fully rented 2-bedroom units, established rental income, and strong projected returns, this property offers an excellent opportunity for an investor looking to add a cash-flowing multifamily property to their portfolio. Property is sold AS IS, WHERE IS.
Location
State PA
County Allegheny-east
Area Turtle Creek
Zoning RES
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Roof Type Asphalt
Building
Structure Type Frame
Schools
School District Woodland Hills
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