Welcome to this fully occupied triplex, an excellent investment opportunity in a desirable location! This property features three spacious units, each offering 2 bedrooms and 1 bathroom, and generates impressive rental income. Currently grossing $1, 400 unit, this triplex provides a total monthly income of $4, 200, making it a fantastic option for investors looking to add a profitable asset to their portfolio. Each unit boasts a comfortable and functional layout, with two well-sized bedrooms, a full bathroom, a cozy living area, and an efficient kitchen. The property has been carefully maintained, with recent upgrades to both the roof and the staircase, ensuring durability and safety for years to come. With these improvements, future maintenance costs are minimized, allowing for a smoother investment experience. This property has long-term tenants in place, each paying $1, 400 a month. With a steady gross income, this triplex offers reliable cash flow, making it ideal for both seasoned investors and those new to property ownership. The tenants take pride in their units, maintaining clean and comfortable living spaces that contribute to the property's overall appeal. The property includes a newly installed roof and staircase, providing enhanced curb appeal and increased value. The well-kept grounds are a welcoming atmosphere, with ample outdoor space that tenants can enjoy. Located in a growing neighborhood, this triplex is close to local amenities, shopping, dining, and public transportation, attracting tenants who appreciate convenience and accessibility. With rental demand consistently high in this area, there is room for potential rent increases, allowing you to maximize your return on investment. Whether you’re looking to diversify your portfolio or expand your existing real estate holdings, this triplex offers a solid foundation for growth. Additionally, the recent improvements add value and decrease the likelihood of major repairs in the foreseeable future.
Don't Miss Out! This triplex is a prime opportunity for investors looking to acquire a property with immediate income potential, low maintenance needs, and significant upside. Schedule your showing today to see how this triplex can fit into your investment goals. Don't miss out on this chance to own a turn-key income-producing property in a thriving community!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $384,000 | $384,000 | $384,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $443 | $443 | $443 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,555 | $2,552 | $3,238 |
Total Monthly Payment | $3,073 | $3,070 | $3,756 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.