Triplex, Residential Income,Detached - North Lauderdale, FL
Great investment opportunity! Three unit Tri-Plex located in North Lauderdale. Long term good legacy tenants with several month remaining on the leases. The property is in overall good condition. Easy to manage and lease. All three units are leased for $950 a month, total gross income is $34,200 per year, netting $25,437 per year. Strong 7.7% capitalization rate at full asking price. Very minimal expenses. There are 3 separate water and electric meters at the property. Tenants are responsible for their own utilities. Can be financed with 30% down payment which will provide an investor with 10.64% Cash-on-Cash return. Convenient location near shopping center, restaurants and public transportation. Will not last, don’t miss this opportunity. Call for all showings and for more information.
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Please call (954) 361-0000.
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