Description
FULLY OCCUPIED, cash flowing legal triplex operating at a 9% cap rate bringing in $7275 in monthly rents. This is located 5 minutes from Temple+GGs main campus on a block occupied heavily by Temple students. Leases locked until 2023 and onwards. Unit A - 3 beds 1 bath rented at $1750, Unit B - 2 beds 1 bath rented at $1300, Unit C - 7 beds 2 baths rented at $4,225. Attached is a list of the rent roll, average monthly expenses, and average breakdown of the owner+GGs monthly expenses. The owner has gone above and beyond and paid for additional services such as: regular cleaning of the common areas, home warranty, preventative exterminator services, discount to tenant for handling trash, AC tune up, automation of smart locks, etc. The new owner can stop these if they wish to increase cash flow or keep as is. Taxes are very low and have been reduced for 2023 to only $3717 annually. All unities are separate except water. Showings are currently allowed with POF/LOI and an acceptable offer based on the information provided as the owner does not want to disturb the tenants unless a solid buyer goes under contract. Video Walkthroughs Attached as well in MLS!
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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2,782SQFT
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$223$/SQFT
Description
FULLY OCCUPIED, cash flowing legal triplex operating at a 9% cap rate bringing in $7275 in monthly rents. This is located 5 minutes from Temple+GGs main campus on a block occupied heavily by Temple students. Leases locked until 2023 and onwards. Unit A - 3 beds 1 bath rented at $1750, Unit B - 2 beds 1 bath rented at $1300, Unit C - 7 beds 2 baths rented at $4,225. Attached is a list of the rent roll, average monthly expenses, and average breakdown of the owner+GGs monthly expenses. The owner has gone above and beyond and paid for additional services such as: regular cleaning of the common areas, home warranty, preventative exterminator services, discount to tenant for handling trash, AC tune up, automation of smart locks, etc. The new owner can stop these if they wish to increase cash flow or keep as is. Taxes are very low and have been reduced for 2023 to only $3717 annually. All unities are separate except water. Showings are currently allowed with POF/LOI and an acceptable offer based on the information provided as the owner does not want to disturb the tenants unless a solid buyer goes under contract. Video Walkthroughs Attached as well in MLS!
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-01T23:52:37.897.