Listing courtesy of Windermere RE/Capitol Hill,Inc
$1,799,950
This purpose-built 1998 triplex offers the cash flow of a multifamily investment without many of the maintenance concerns commonly associated with older properties. Built with modern plumbing, electrical, windows, insulation and durable fiber-cement siding, all three townhouse-style residences also feature in-unit laundry, private outdoor spaces and off-street parking. Two units… Read More offer 3 bedrooms and 2.5 baths, while the third includes 2 bedrooms and 2 baths. The desirable two-story layouts provide a more home-like feel that attracts strong market rents and encourages long-term tenancy. With more than $100,000 in annual net income and a 5.7% cap rate, this is a compelling opportunity for investors seeking immediate returns and long-term upside. Also ideal for an owner-occupant looking to offset their mortgage with rental income. The townhouse-style configuration may offer future potential for a unit-lot short subdivision or condo conversion to allow the sale of individual units—buyer to verify. Conveniently located just south of Capitol Hill with easy access to downtown, transit and neighborhood amenities. Read Less
Listing courtesy of Windermere RE/Capitol Hill,Inc
Listing Snapshot
Cumulative Days Active
42
Last Updated
Property Type
Multi Family
Square Ft.
3,470
Lot Size
0.1 Acres
Year Built
1998
Property Tax
$13,303
MLS Number
2578982
Additional Details
Building
Built in 1998, 2 stories, Construction Materials: Cement Plank
Cooling
None
Expenses
Insurance: $3,571, Other Expense: $3,000
Exterior Features
Cement Planked
Floors
Laminate, Vinyl, Carpet
Foundation
Poured Concrete
Heating
Wall Furnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $133,560, Net Operating Income: $102,679
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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