Excellent income-producing investment opportunity with this fully occupied triplex zoned CRO, 2 units will be vacant end of April providing flexibility for future use. Conveniently located near downtown and the naval base.
The property features two buildings: a duplex in the front and a separate smaller unit in the rear, providing three total rental units. The property currently generates $2,800 per month in gross rental income with long-term tenants in place, and several leases are month-to-month, creating immediate opportunity for rent increases and value growth.
Recent improvements include a new roof installed in 2023, and all units are equipped with central air conditioning for tenant comfort.
Unit breakdown:
Unit 1: 2 bedrooms, 1.5 bathrooms
Unit 2: 2 bedrooms, 1 bathroom
Unit 3: 1 bedroom, 1 bathroom
Utilities are on common water and electric meters.
With its flexible CRO zoning, strong rental history, and upside potential, this property presents an excellent opportunity