About This Property

Exceptional investment opportunity with immediate upside and located just minutes from the gulf beaches! This fully leased triplex is currently generating $4,425 each month with the opportunity to increase rental income immediately. A new roof was installed in 2023 on the 1/1 building. In addition to the existing income upside, the two 1/1 units provide an excellent value-add opportunity with cosmetic updates that can further increase rents and overall property value. The property features one updated 2/1 unit (rented below market at 1,500 but could rent for 1,600) and two 1/1 units (rented at 1,425 and 1,500), offering an ideal opportunity for both seasoned investors and buyers looking to house hack/ live in one unit while the rental income from the other two helps offset their mortgage and living expenses. The updated 2/1 unit features newer windows, appliances, and flooring providing a move-in-ready option. The 2/1 unit will be vacant upon closing.Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers immediate cash flow, multiple avenues for increased returns, or the opportunity to significantly reduce your housing costs by living on-site.

Key Features

• 6,961 Square Feet Lot
• Built in 1948

Property Details

• Type: Single Family Home
• Year Built: 1948
• Lot Size: 6,961 sq ft
• Sq Ft: 1,375
• Price / Sq Ft: $340
• HOA: Contact Agent
• Bedrooms: 4
• Bathrooms: 0
• Feature: 6,961 Square Feet Lot
• Feature: Built in 1948
• Status: Active
• MLS Number: MFR800808408
• Days on Market: 100
• Listed By: COPELAND MORGAN LLC · Jeremy Dinh
• Zip Code: 33756