Don't miss this opportunity to acquire a high-potential, value-add triplex at an exceptionally low interest rate. This legal triplex consists of two 1-bedroom, 1-bathroom units, and a fully renovated studio unit, all currently occupied and generating a solid rental income of $4,125 per month. With permits already opened and ready to transfer to the end buyer, this property offers a seamless transition for an investor looking to capitalize on its full potential.

The stabilized studio is rented at $1,650 monthly. Some big-ticket items require replacement and both 1-bedroom units need renovations. Comparable rental properties in the area indicate that each 1-bedroom unit, once renovated, could command up to $1,800 per month, bringing the total pro forma rental income to an impressive $5,250 per month. With the property fully occupied, investors can strategically renovate while maintaining rental income, ensuring steady cash flow to offset expenses and debt service.

Owner financing terms make this an even more attractive investment. The purchase price is set at $530,000, with an $80,000 down payment and a loan amount of $450,000, amortized over 30 years at a favorable 3.35% interest rate. A balloon payment is due after seven years, allowing investors to maximize returns in the interim. With pro forma annual rent projected at $63,000 and total annual expenses — including taxes, insurance, and debt service — estimated at $37,799, the annual net income reaches $25,201.

Entry costs, including the down payment, closing costs, renovation expenses, and permit assumption fees, total $153,800, resulting in a strong cash-on-cash return of 16.39%. Opportunities like this — featuring a low down payment, attractive owner financing, and high upside potential — are rare in today’s market. Once fully renovated, this triplex will be a true cash cow! Contact your EquityPro Advisor today to secure this outstanding investment.