Triplex | Mt. Washington | price reduced to $1,165,000 | Vacant 1-Bedroom Unit | strong 6% CAP
Investor opportunity in one of NELA’s most desirable neighborhoods! This legal 3-unit property offers immediate income and future upside with strong tenant demand and low owner expenses. Two updated junior 1-bed units (studios per assessors records; with full kitchens and partially separated living and bedroom areas) are tenant-occupied, and a full 1-bedroom unit may be delivered vacant — ideal for top market rent or live/rent strategy. It'll qualify for 5% down payment loan for buyer who wants to occupy the vacant unit.
Tenants pay gas, electric, and trash (separately metered). Owner pays water/sewer and brush clearance /landscaping. Rent control but rents are at market. Property sold as-is. Exterior needs new paint. Offers a great mix of cash flow, flexibility, and long-term appreciation in a proven rental location.