Property Description

Charming Triplex located on a quiet walk street half a block to the beach! All 3 units have been remodeled. There is a 3 bed/2 bath house in front and a 1 bed/1 bath & 2 bed/1 bath units in the rear of the property. The house in front has heating and air conditioning, soap stone counters in the kitchen, white shaker cabinets, hardwood floors throughout, private patio, and balcony with fireplace off master bedroom. The 1 bedroom unit features tile flooring throughout, white Corian countertops, and recessed lighting. The 2 bedroom unit features hardwood flooring throughout, white Corian countertops, private deck, and classic claw foot tub in bath. Each unit comes with 1 garage parking space and 1 offsite parking space. All units have laundry inside.

• Rent Control: 100%
• Gross Income: $171,744
• Total Expenses: $7,710
• Net Operating Income (NOI): $164,034
• Gross Rent Multiplier (GRM): 16.89