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This three-unit investment property offers immediate cash flow with long-term, tenant-occupied units and a proven rental history. The property consists of three 3 bedroom 1 bath apartments. All tenants are established, reliable, and would like to remain, allowing a new owner to step directly into a stabilized, income-producing asset with no vacancy downtime. The property features a garage apartment situated above a large three-bay garage, which includes additional workshop space and extra recreational/storage space for the upper unit-an uncommon and highly desirable amenity that adds functionality and tenant appeal. Two paved driveways provide ample off-street parking for tenants. The main house includes basement storage and shared laundry facilities, while tenants have also created designated outdoor living areas in the backyard, enhancing livability and long-term tenant satisfaction. F...
This three-unit investment property offers immediate cash flow with long-term, tenant-occupied units and a proven rental history. The property consists of three 3 bedroom 1 bath apartments. All tenants are established, reliable, and would like to remain, allowing a new owner to step directly into a stabilized, income-producing asset with no vacancy downtime. The property features a garage apartment situated above a large three-bay garage, which includes additional workshop space and extra recreational/storage space for the upper unit-an uncommon and highly desirable amenity that adds functionality and tenant appeal. Two paved driveways provide ample off-street parking for tenants. The main house includes basement storage and shared laundry facilities, while tenants have also created designated outdoor living areas in the backyard, enhancing livability and long-term tenant satisfaction. From an investment standpoint, this property stands out for its strong gross income, stable rent roll, and efficient layout. The incoming buyer will acquire a cash-flowing property from day one, making it an excellent addition to an existing rental portfolio or a solid foundation for an investor looking to scale. With solid fundamentals, long-term tenants in place, and minimal operational disruption, this is a turn-key multifamily asset in an established rental market.
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