Units: 7
Buildings: 3 buildings
Layout: Front Triplex - Rear 2 Duplexes
Interior Size: 507 sf/unit
Total Interior SF: 3546
Lot Size: 11,382 SF
Zoning: R-3
Year Built: 1954
Price: $1,399,000
Price/Unit: $199,857
Price/SF: $394.53 /SF
Current CAP Rate: 7.68 Cap
NOI: $107,424
1-Story Triplex (Built 1963): Three Studio Units
2-Story Triplex (Built 1991): 3-Bedroom, 2-Bedroom, and 1-Bedroom Units
Condition: All Remodeled; paved Parking Lot; Well-Maintained Exterior
All 7 units renovated (major plumbing, electrical & HVAC updates)
100 % occupied at time of listing Master Lease
One single-story triplex (3 units)
Two single-story duplexes (4 total units)
Triplex 1 (built 1954): 1,546 SF
Duplex 1 (built 1954): 1,000 SF
Duplex 2 (built 1954): 1,000 SF
County use: R3 zoning
Heating/Cooling: New HVAC
Flooring: Vinyl
Parking: 8 paved spaces
Located near Biltmore, PCH & Phoenix Country Club.
Top notch neighborhood.
Zoning: R-3 (Multiple Residential)
Total gut renovated = 7-unit multifamily cash-flow asset
7+ CAP on actuals, full stabilization
New roof, electrical, and parking
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