Courtesy of: Mark Hubbard, Go Realty, mark@gorealtyteam.com
Courtesy of: Mark Hubbard, Go Realty, mark@gorealtyteam.com
$309,900
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Lot: 0.48 Acres
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Triplex
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$309,900
700 Murphy Avenue This triplex offers a great investment opportunity with several recent improvements and strong rental income. The roof is approximately 3 years old, and the property features new windows and fresh exterior paint. Unit A has been recently remodeled, while Units B and C are in good, rentable condition. Rental rates have recently been increased, with the current monthly rents as follows: Unit A: $825 per month (recently leased), Unit B: $955 per month, Unit C: $1, 350 per month Total Monthly Rental Income: approx $3, 130 and Annual Gross Rental Income: approx $37, 560Each unit is separately metered for electricity. Water is billed collectively, with tenants in Units B and C contributing $25 per occupant toward the monthly water expense. Unit B currently contributes $50 per month, while Unit C contributes $100 per month, for a total of $150 in water reimbursements. The average monthly water bill is approximately $120. With recent capital improvements, established rental income, and tenant contributions toward utility expenses, this property presents an attractive opportunity for an investor looking to add an income-producing property to their portfolio.
Courtesy of: Mark Hubbard, Go Realty, mark@gorealtyteam.com
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