Description
It is possible to both own a statement property and make a lot of money! This showcase triplex (called "B&A Bungalows") sits at a corner location on B&A Blvd. It's been lauded by the community as a property that has been wonderfully renovated and operated. The fully fenced corner lot has four off-street parking spaces + a carport, a separate shed with power, and a large landscaped yard. The building consists of a 3 bedroom apartment on the ground floor and 2 separate studios on the bottom floor. The upstairs and downstairs are separately metered. The property was fully renovated in the '21 - '22 timeframe. This included on the exterior: new fencing, upgraded parking, upgraded landscaping, new paint, new exterior LED lighting, new awnings, new roof and gutters on main building and shed, among others. This included on the interior: completely remodeled with paint, lighting, flooring, baseboard heaters, window mounted a/c's, new bathrooms, new appliances (fridge, washer/dryer, etc), etc, etc. There is a boiler that provides for hot water and heat upstairs that is < 10 years old and in great shape. The upstairs includes a beautiful original wood flooring that was rehabilitated. Bottom line - no deferred maintenance.It is fully legal (permits and licenses) and lead free.The building is fully leased and very easy to occupy. It brings in $52,740 in annual gross rent from the 3 units. It is being sold at a current cap rate of 8.0%, based on actuals.Showing requirements: we will not show the property unless a potential buyer has driven by it and provides some proof of funds or financing. We will not carry financing.
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0BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
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2,832SQFT
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$182$/SQFT
School Information
Description
It is possible to both own a statement property and make a lot of money! This showcase triplex (called "B&A Bungalows") sits at a corner location on B&A Blvd. It's been lauded by the community as a property that has been wonderfully renovated and operated. The fully fenced corner lot has four off-street parking spaces + a carport, a separate shed with power, and a large landscaped yard. The building consists of a 3 bedroom apartment on the ground floor and 2 separate studios on the bottom floor. The upstairs and downstairs are separately metered. The property was fully renovated in the '21 - '22 timeframe. This included on the exterior: new fencing, upgraded parking, upgraded landscaping, new paint, new exterior LED lighting, new awnings, new roof and gutters on main building and shed, among others. This included on the interior: completely remodeled with paint, lighting, flooring, baseboard heaters, window mounted a/c's, new bathrooms, new appliances (fridge, washer/dryer, etc), etc, etc. There is a boiler that provides for hot water and heat upstairs that is < 10 years old and in great shape. The upstairs includes a beautiful original wood flooring that was rehabilitated. Bottom line - no deferred maintenance.It is fully legal (permits and licenses) and lead free.The building is fully leased and very easy to occupy. It brings in $52,740 in annual gross rent from the 3 units. It is being sold at a current cap rate of 8.0%, based on actuals.Showing requirements: we will not show the property unless a potential buyer has driven by it and provides some proof of funds or financing. We will not carry financing.
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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kristin & Mike Team of Northrop Realty, A Long & Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-02T16:52:56.143.