For Sale

$699,900

HIGHLIGHTS:
  • Active
  • $7,403/month
  • 165 DOM
  • 2 Stories
  • 0 Beds
  • 3,128 SqFT
Description

Shocking cash flow upside! Percolating potential! This tremendous triplex in the heart of Montrose is fully rented and makes an incredible investment opportunity! It consists of 3 units: a charming duplex and a garage apartment, both built in the 1920s. Both duplex units are rented WELL below market value. This property has been nicely updated and well-maintained with numerous recent renovations. This classic Redbrick duplex exudes warmth with wood floors throughout and this highly sought-after duplex design features upstairs/downstairs units, each filled historic charm and character. Each half of the duplex consists of a spacious 2 bed / 1 bath design. The garage apartment includes a 1 bed / 1 bath design. Total gross rental income is an impressive $4,100 per month, but these rents are WELL below market value. Located in Montrose while also walking distance to the River Oaks Shopping Center makes this location simply unbeatable. (Please don't disturb tenants)

Overview
  • MLS Number: 43560898
  • Type: Multi-Family - Triplex
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 3,128 SqF
  • Land Size: 5,000 sqft
  • Year Built: 1925
Financial
Price:
$699,900
Price/SqFT:
$223.75
Original Price:
$715,000
Reduced $:
$15,100
Reduced On:
Aug 12th, 2024
Reduced %:
2.11 %
HOA Fee:
Tax Rate:
0 %
Est. Monthly:
$7,403 *
Tax Amount:
$0
Amenities and features
  • Controlled Subdivision
  • Energy Efficient
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Tile,Wood
    Countertop:
    Granite
    Heating:
    Central Gas,Window Unit
    Cooling:
    Central Electric,Window Units
    Dishwasher:
    Yes
    Disposal:
    No
    Microwave:
    Yes
    Energy Feature:
    Ceiling Fans,North/South Exposure,Digital Program Thermostat
  • Roof:
    Composition
    Exterior Type:
    Brick,Wood
    Parking:
    Driveway Gate,Off Site Parking,Paved Area
    Access:
    Driveway Gate
    Front Door Face:
    North

Listed By:
Rory Higgins

Castle Team

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