Off Market Triplex 6% CAP rate - Over $60K Rent - Room to Increase Profits!

Dated: October 24 2021

Views: 45

Awesome triplex below along with a link to a video. I viewed it today and was impressed. The owner has put a lot of work into it and it shows. Owner is looking to sell around 1M. Rent roll totals $60,600 which puts it at a 6% CAP rate.

 

Units share a common area backyard. Main house roof replaced 2019 (galvanized aluminum.) Brand new roof on all buildings.

 

SEE VIDEO HERE:

429 Race St, ABC, Charleston, SC

RESTORED HISTORICAL HOME

Downtown Charleston Triplex Investment Property

Amazing Location: 

Downtown Charleston Triplex

UNIT A - approx 1,000 square ft. 2 bed 2 bath (with Owner Suite) fully renovated October 2020 with new Electrical new plumbing . This is the downstairs of the main house. Currently rented for $2000 per month, Lease expires May of 2023.

Charleston Triplex - Remodeled Kitchen

Charleston Triplex - New Appliances

Charleston Investment property Renovated

Charleston Investment Property - Renovated ShowerCharleston Investment Property - Renovated BathroomCharleston Triplex by Hampton ParkCharleston Triplex Large Owner Suite

UNIT B  approx 800 square ft. 2 bed 1 bath. Unit has new flooring, new tankless water heater, and new ductwork.   This unit has a long term tenant in place. Currently rented for $1300 a month.  Lease expires Aug of 2022.

Charleston Investment Property

Charleston Investment Property

Charleston Triplex large bedroomCharleston Triplex Unit B bathroomCharleston Triplex new flooring

UNIT C  approx 650 square st. Fully remodeled spring 2021 with new electrical and plumbing. 2 bed 1 bath. Currently rented for $1750 a month. Lease expires March of 2022.

Charleston Investment Property - Unit CCharleston Triplex Unit C RemodeledCharleston Investment Properties Unit CCharleston Investment Properties - RemodeledCharleston Investment PropertiesCharleston Investment Property Remodeled bathroomCharleston Investment Property Remodeled ShowerCharleston Investment Property

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Michael Smith

Smith and Grant Real estate can save you time and money on your next move! Hi there, My name is Michael Smith, the Broker at Smith and Grant Real Estate. If you're looking to buy a home in the Char....

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