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 3 Cash Flowing Triplexes (Package) With Upside Potential! 20%+ CAP

  • Apartment
    2388 square_feet
    bedroom 17 Bedrooms
    bathroom 9 Baths
  • Rental
    $450,000 0
    Status : Sold
    Year Built : 1964
 Description
Washington ST SE Palm Bay FL 32905

$450k

Triplex 1: 6bd/3ba - 2 out of 3 tenant occupied Collecting $1,225 (below market) Should be $2,500 with all 3 rented and at market value
Triplex 2:6bd/3ba - 2 out of 3 tenant occupiedCollecting $1700Should be $2500 with all 3 rented 
Triplex 3:5bd/3ba - 2 out of 3 tenant occupiedCollecting $1700Should be $2500 with all 3 rented
Laundry room brings in additional $800-$1000/mo

Rehab consists of finishing remodel in 3 of the rooms some materials are included $15k+/- estimate

Call/Email for more info!
 Rehab Work Needed
 General Amenities
 Distance
Location Map
Image Gallery
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 Summary

Overview
3 Cash Flowing Triplexes (Package) With Upside Potential! 20%+ CAP Sold
$450,000
Property ID: FL190949847
Address: Login to View
City: Palm Bay
State/Province: FL
Zip Code: 32905
Country: USA


Rental Analysis

+ Purchase Price: $450,000
+ Purchase Closing Cost: $13,500
+ Rehab Cost: $15,000
Total Acquisition Cost: $478,500


Monthly Rent: $7,500
+ Annual Potential Rent: $90,000
- Vacancy (3%): $2,700
Annual Gross Income: $87,300
Annual Gross ROI: 18.24%


 Message

7 + 4 = ?