This triplex opportunity offers stable in-place income with clear upside through rental repositioning. The property features three 2-bedroom, 1-bath units, each approximately 714 SF - one of the most desirable rental configurations.
All three units are currently occupied at $900 per month on month-to-month leases, generating approximately $32,400 in annual revenue. With the flexibility of short-term leases, investors can increase rents and capture additional value.
The property presents strong upside through Section 8 leasing, with rents potentially achieving an estimated $250 premium per unit, significantly boosting overall cash flow.
Well located near shopping, restaurants, schools, and other daily amenities, the property also benefits from easy access to Central Ave, enhancing tenant convenience.
Ideal for investors seeking stable income, a clear path to increased rents, and long-term value.