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  • 🏠 Newbie: The New Home Marketplace
UNDER CONTRACT ON SEP 27, 2023
Last checked: 18 minutes ago

$719,000

MLS Number: #1890340

6 Bed
3 Bath
Total sqft 0
About this home

Welcome to this exquisite triplex located in a sought-after neighborhood, offering an exceptional investment opportunity for buyers looking to benefit from rental income. With three separate units, ea... Read Morech with its own unique features and rental history, this property could be the next addition to your real estate portfolio. Property Highlights: Location: Situated in a desirable neighborhood, this triplex enjoys easy access to schools, parks, shopping centers, and all essential amenities, making it highly attractive to potential tenants. -Three-Bedroom Basement Unit: The basement unit features three bedrooms and has been rented for $1,525 per month. The current lease extends until July of next year 2024, providing a stable income stream for the foreseeable future. Two-Bedroom Main Floor Unit: The main floor unit boasts two bedrooms and comes fully furnished, making it a prime choice for mid-term rentals. The current lease runs until September 23rd of 2023 at $2,000. Attic Unit: The attic unit offers comfortable living space and is also fully furnished for mid-term rentals. Currently rented out at $1,350 per month, the lease extends until November of 2023, adding to the property's consistent rental income potential. 3D renderings for attic unit: https://my.matterport.com/show/?m=4HxPfnhNZ5v Cosmetic Update: The property has undergone a cosmetic update within the last few years, ensuring that the interior spaces are fresh, modern, and appealing to prospective tenants. This enhancement helps maintain the property's value and reduces the need for immediate renovations. Investment Opportunity: With three well-maintained units, each with reliable tenants and varying lease expiration dates, this triplex presents a remarkable investment opportunity. The diverse rental strategy, combining long-term leases in the basement with mid-term furnished rentals on the main floor and attic, ensures a steady cash flow with the potential for flexibility in the future. Total Rental Income: $1,450 (3-Bed Basement) + $2,000 (2-Bed Main Floor) + $1,350 (Attic) = $4,800 per month Lease Terms: Basement lease ends July of next year 2024, Main Floor lease ends July 31st 2023, and Attic lease ends in November 2023. Additional Benefits: The inclusion of furniture in the Main Floor and Attic units eliminates the need for additional expenses on furnishing, further enhancing the property's appeal to prospective tenants. Don't miss this exceptional opportunity to acquire a profitable triplex in a sought-after location. Whether you're a seasoned investor or an aspiring landlord, this property offers both immediate income and long-term potential. Act fast and schedule your private viewing today! Other remarks: - legal non conforming triplex. - 3 electric meters. - one gas meter which is included in rent. - Square footage figures are provided as a courtesy estimate only and were obtained from measurement from seller. Buyer is advised to obtain an independent measurement. *Seller is willing to pay up to $5,000 towards new windows for a full price offer. Read Less

Home Facts

Time on Newbie 488 days
Property Type Triplex
HOA Dues TBD
Year Built 1952
Style Triplex
Lot Size 0.16 Acres
Price/Sq. Ft. $103.16

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Property details for 1895 S 200 E

Parking

Parking/garage information

  • No Garage
Interior

Interior features

  • Interior features: Basement Apartment

Basement & other information

Exterior

Building information

  • Architectural style: Up And Down
  • Construction status: Blt./Standing

Property information

Lot information

  • Lot size acres: 0.16
  • Lot size area: 0.16
  • Lot size units: Acres
  • Lot size dimensions: 0.0x0.0x0.0
  • Zoning Description: RESIDE
Utilitites

Utilities information

  • Utilities: Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
  • Sewer: Connected
Community Information

Listing information

  • Listed by Bryan Martineau:
  • MLS Number: #1890340

Nearby Schools

School Name

Whittier

School Name

Hillside

School Name

Highland

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Homeowner’s Insurance

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Builder Reputation Check

They research the reputation of builders and developers to ensure the buyer is working with a reputable and reliable company.Contract Review: They review the purchase agreement and other documents to ensure the buyer's interests are protected and all terms are clear and fair.

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They can advise on the importance of independent inspections during the construction process and at key milestones to ensure quality and compliance with building codes.

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Problem Resolution

In case of issues or delays during the construction process, the buyer's agent advocates on behalf of the buyer and works with the builder to find solutions.

Closing Support

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What sets Newbie apart from traditional real estate agencies?

Newbie distinguishes itself from other real estate agencies in two significant ways. Firstly, while most agencies only provide data on a small portion of the new homes and communities on the market, often restricted to builders who pay for listings, we offer comprehensive intel on 100% of new homes and communities, including those not yet on the market. This gives our clients a significant advantage in their search for their ideal home. Additionally, we have established partnerships with various businesses to offer a Newbie Cash Back program, enabling our clients to afford their dream homes more easily. At Newbie, we go above and beyond to provide unparalleled access and financial support to our valued clients.

Are there fees or commissions when using Newbie to buy a home?

With Newbie, purchasing a house comes commission-free! That's right, you heard it correctly. In a standard real estate transaction, the seller is responsible for covering the commissions of the buyer's agent and their own selling agent. At Newbie, we take it a step further with Newbie Cash Back, which covers many of the usual fees and expenses associated with home purchases. Now you can focus on the payment of the home itself. We even go the extra mile by providing assistance with procuring new furniture for your new home, ensuring a memorable experience throughout your home-buying journey.

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We have established valuable partnerships with home builders, vendors, and a mortgage lender to maximize the cash back you receive when purchasing your new home through Newbie. Our Newbie Cashback program operates in three integral parts. Firstly, we collaborate with builders who offer enticing promotions to help you secure the home of your dreams. Additionally, by utilizing our preferred lender, you gain financial benefits that can be applied towards closing costs or buydowns. Lastly, we leverage our commissions to ensure you have everything you need, whether it's cash for a buydown, assistance with lawn care, blinds, furniture, or any other necessities. At Newbie, we strive to make the affordability of your new home a seamless and rewarding experience.

Can I buy and sell with Newbie?

At Newbie, our expertise extends beyond assisting clients in purchasing new homes. Our highly trained agents are also well-versed in listing homes. With a deep understanding of buyer preferences and market dynamics, we possess the knowledge and skills necessary to effectively market your home and expedite the process of finding your dream home. By leveraging our insights and experience, we streamline the selling process, ensuring optimal results and a swift transition into your ideal living space.

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