Map
Listed price in listed location currency (USD).
$135,000

000

MLS® 1772090

Overview

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage 
Taxes $2,814
Days Active 1
Lot Size 0.0682 Acres
Approx. Age 
MLS® Number 1772090

Property Address: 347 Highland, Turtle Creek, PA, 15145

Average square foot calculated using Size range provided by listing agent.

Description

FULLY RENTED TRIPLEX — INVESTMENT OPPORTUNITY! Well-positioned income-producing property featuring three rental units, with each unit offering 2 bedrooms and 1 full bathroom. All three units are currently rented, providing an immediate income stream for the next owner. Current monthly rents are $700 for Unit 1, $800 for Unit 2, and $850 for Unit 3, producing a combined monthly rental income of $2, 350 and annual gross income of $28, 200. The property has a reported NOI of $22, 386 annually. At a purchase price of $135, 000, the property generates a projected 16.58% annual return based on NOI, with approximately $223, 860 in projected NOI over 10 years. Based on 10 years of NOI less the initial purchase price, the estimated gain is approximately $88, 860, before considering appreciation, financing, future rent increases, or other changes in operating expenses. With three fully rented 2-bedroom units, established rental income, and strong projected returns, this property offers an excellent opportunity for an investor looking to add a cash-flowing multifamily property to their portfolio. Property is sold AS IS, WHERE IS.
MLS® Number1772090
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayOff Street
Garage Spaces
Heat
A/C

Extras

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