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0.16 Acres in Mandan, ND - $370,000
Fully Occupied Triplex - Strong Cash Flow & Recent Updates. Turnkey triplex bringing in $3,600/month in rental income. Built in 1909 and well maintained with recent major updates completed, including new roof 2024 central A/C 2023 new windows 2021 Each unit is updated and fully rented with solid tenants. Property includes a two-stall attached, heated garage plus off-street parking for all tenants. Low maintenance and dependable income make this good opportunity for a home owner looking for a a primary residence with rental income. For the investor savvy buyer this 9.2 cap property is right up your alley! Each unit is fully occupied with long-term tenants. • Gross Income: $43,200/year • Property Taxes: $3,400/year • Insurance: $2,000/year • Estimated Maintenance/Utilities: $2,500/year • Total Estimated Expenses: $8,100/year • Net Operating Income (NOI): $35,100/year • Asking Price: $385,0...
Fully Occupied Triplex - Strong Cash Flow & Recent Updates. Turnkey triplex bringing in $3,600/month in rental income. Built in 1909 and well maintained with recent major updates completed, including new roof 2024 central A/C 2023 new windows 2021 Each unit is updated and fully rented with solid tenants. Property includes a two-stall attached, heated garage plus off-street parking for all tenants. Low maintenance and dependable income make this good opportunity for a home owner looking for a a primary residence with rental income. For the investor savvy buyer this 9.2 cap property is right up your alley! Each unit is fully occupied with long-term tenants. • Gross Income: $43,200/year • Property Taxes: $3,400/year • Insurance: $2,000/year • Estimated Maintenance/Utilities: $2,500/year • Total Estimated Expenses: $8,100/year • Net Operating Income (NOI): $35,100/year • Asking Price: $385,000 • Estimated Cap Rate: ˜ 9.2% Strong cash flow, low maintenance, and recent capital improvements make this a reliable, hassle-free addition to any investment portfolio. The main floor unit is a 4 bed 2 bath with in unit laundry. Unit 2 is a 3 bed 1 bath with in unit Laundry. Unit 3 is a 2 bed 1 bath. The property is professionally managed by Clooten Property Management inc. and a 24 hour notice is required.
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