TRIPLEX has 3 large (1000+ sq ft) units,
with 3 bedrooms & 2 bedrooms per unit.
All separate electric meters
and the owner pays water.
This property can bring in
$5250 per month in income.
The identical property right next door at 909 6th st, has all units rented for $1750/each,
bringing in $5250/month!!
Rehab: $25,000 (max) Yearly Gross Income: $63,000 Yearly Gross Expenses Estimate: $15,000 NOI: $48,000 / yr
Cap rate: 10.5%Estimate of Expenses – Water $3,600 /yr – Taxes $6,000 /yr –
Insurance $4,500 /yr
Landscape $600 /yr.
All units are currently vacant.