This triplex sits on a 5,818 square-foot lot, with each unit enjoying its own private backyard. The property offers a total of 3 bedrooms and 3 bathrooms. Each unit consists of one bedroom and one bathroom, with laminate wood flooring throughout. There are two detached parking garages available. Each unit has a separate electric meter and gas meter, while all units share a single water meter, with the water bill paid by the tenants. The landlord covers lawn maintenance, water and sewer fees, electricity, insurance, pest control, and property taxes, and also provides a washer and dryer in the laundry room.
Unit #1 - 555 N. Raymond Ave
This tenant-occupied unit has a lease agreement that ends in September 2024. It offers 544 sq. ft. of living space.
Unit #2 - 56 Esther St
This tenant-occupied unit has a lease agreement that ends in March 2025. It offers 544 sq. ft. of living space.
Unit #3 - 58 Esther St
This tenant-occupied unit is on a month-to-month lease. It offers 528 sq. ft. of living space.
The neighborhood offers unlimited opportunities for shopping, entertainment, relaxation, and networking, making it an ideal location for generating rental income. This triplex provides an excellent opportunity for a live-in owner who can rent out the other units as a capital growth investment. With rental upside potential, it's a valuable addition to any investment portfolio.
The property is offered in its current as-is condition and falls under the Rent Stabilization Ordinance (RSO). Viewing is drive-by only, with interior inspections subject to tenant occupancy. Interested parties are encouraged to perform their own due diligence to verify and satisfy all requirements regarding the current market rent value.