Property Description

Excellent investment opportunity in the highly desirable Riverside neighborhood! This income producing TRIPLEX, features a well-maintained duplex at the front of the property with a third detached studio apartment and separate storage unit for additional income. The duplex offers large 1 bedroom, 1 bath floorplans, including W/D in both the downstairs and upstairs units. Both currently rented to long term tenants at $1,200 and $1,175/mo. The studio includes w/d connections and was recently rented at $1,000 with the storage unit at $95. All three units are separately metered for electric and water. There is also off street parking between the two buildings, which is highly desired in the area. Conveniently located minutes from Riverside shops and restaurants, downtown, and multiple hospitals, combining with the long-term investment potential makes this an excellent property for many buyers. A house hacker could utilize Fannie Mae's 5% down program for multifamily homes, while collecting rent from the other units. You can rent all three units/storage out on long term leases or maximize income with short term rentals. The storage unit could also be finished and converted to another studio. A 3% seller credit available to full price offers.The rear unit is currently the only vacant unit and will be the only unit made available for tours prior to contract acceptance. The rear unit is on lockbox and can be shown anytime. Please use ShowingTime to arrange tours.