Description
First Time on the Market in Over 30 Years! This well-maintained Lake City triplex presents investors with stable in-place income, long-term tenancy, and rental upside! Each unit features a spacious 2-bedroom, 1.5-bath layout with approximately 1,146 sq. ft. of living space and private balconies. The property also includes a coin-operated laundry. The top unit is rented at a pro-forma rent of $2,500 per month, demonstrating the property’s income potential. Units B and C remain slightly below market rents, creating a value-add opportunity! Sitting on a sizable 8,100 sq. ft. LR2-zoned lot, the property offers not only income but also future redevelopment potential, adding long-term value anticipation. A big highlight is the exceptionally stable tenant history, with residents who have lived here for more than 20 years and take pride in their homes, resulting in consistent occupancy and reliable income over the past 30 years of ownership!
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
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3,440SQFT
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$298$/SQFT
Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of WeLakeside.
Mortgage Calculator is provided by BoomTown.
Description
First Time on the Market in Over 30 Years! This well-maintained Lake City triplex presents investors with stable in-place income, long-term tenancy, and rental upside! Each unit features a spacious 2-bedroom, 1.5-bath layout with approximately 1,146 sq. ft. of living space and private balconies. The property also includes a coin-operated laundry. The top unit is rented at a pro-forma rent of $2,500 per month, demonstrating the property’s income potential. Units B and C remain slightly below market rents, creating a value-add opportunity! Sitting on a sizable 8,100 sq. ft. LR2-zoned lot, the property offers not only income but also future redevelopment potential, adding long-term value anticipation. A big highlight is the exceptionally stable tenant history, with residents who have lived here for more than 20 years and take pride in their homes, resulting in consistent occupancy and reliable income over the past 30 years of ownership!
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