1221-00 LINDLEY AVENUE
Property Description
FULLY OCCUPIED TRIPLEX 9.9% CAP RATE $2,900/MO INCOME $309,900Attention Investors: Turnkey, Fully Occupied Income Property!1221 Lindley Street is a fully renovated, 100% occupied triplex generating $2,900/month ($34,800/year) in gross rental income. With 2025 NOI of $30,555.36, this stabilized asset delivers an impressive 9.9% cap rate at the $309,900 asking price.A major advantage for the next owner: all units are separately metered for gas and electric, with those utilities paid directly by the tenants. The property also features a landlord-paid master water meter and a coin-operated washer and dryer in the basement, providing an additional income stream.Unit Breakdown:Unit 1: 2 beds, 1 bath $1,050/monthUnit 2: 1 bed, 1 bath $1,025/monthUnit 3: 1 bed, 1 bath $825/monthWith renovations complete and tenants already in place, the next owner can acquire a stabilized, cash-flowing multifamily property without a major upfront renovation or initial lease-up.Offered at $309,900. Schedule your private showing today.
Broker Details
Berkshire Hathaway HomeServices Fox & Roach, Realtors MLS ID: 486219
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $309,900 |
| Year Built: | 1935 |
| Lot Size: | 2,188.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FOXROACH-PAPH2671662
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