Property is under contract (PENDING) - contract allows owner to accept back up offers up until buyers contingencies are removed.This charming triplex is embedded in an area of mostly single-family homes. The property has (2) 3 bedroom, one bath apartment units, a 2 bedroom one bathroom unit and a garage. Measures of investment performance at ask price of $450,000 with a current average rent of $1,079 are a GRM of 12.30, a 5.35% cap rate before reserves, 5.35% cap rate after reserves (both include management - if you owner occupy, your cap rate could increase to 6.23%!), 15.40% after tax IRR, $150,000 per unit, and a price per sf of $121.62.If rents are raised to market of $1,300 the measures of investment performance improve to an investor cap rate of 7.03%
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Listing information last updated on December 6th, 2021 at 4:47pm MST.