This Apple Valley triplex has all the amenities that tenant's love, and investors are looking for.
Great location, within walking distance to grocery shopping, bus stop, and eateries.
This triplex consists of:
ONE UNIT THAT'S A VERY LARGE 3 BEDROOM & 2 BATHS UNIT!!
TWO UNITS THAT ARE ALSO VERY LARGE & BOTH UNITS HAVE 2 BEDROOMS & 1.5 BATHS!!
Check out aerial photo. Units are huge and private yards for each unit are huge. THIS PROPERTY IS ON A HUGE HALF ACRE PARCEL!!!
On the left side is 3 bedroom 2 bath unit. Tenant's always pay top rent to have a 3 bed 2 bath home with a huge wrap around yard like this!
In middle is 2 bedroom 1 & 1/2 bath unit. This middle unit also has a large private fenced rear yard. Tenant's always pay top rent to have their own private yard.
On the right is the other 2 bedroom 1&1/2 bath unit. Again there's a very large fenced rear private yard.
Huge kitchens throughout.
Large living rooms.
Fireplace in the 3 bedroom unit.
HUGE private fenced yards for each unit.
Ceiling fans throughout.
Forced heating and air.
Tile flooring throughout.
Four single car garages. One for each unit, and one additional garage that can be rented out to tenant's or added as another unit.
This triplex on a huge half parcel of 21,892 square feet!!!
Please see PHOTO GALLERY attached.
The returns of this investment are very impressive. You're getting a lot of rent for the money. At market rents, our returns are the following.
$66,600 Annual Gross Income
A 8.71 Gross Rent Multiplier
A very impressive 9.95% Cap Rate. (When was the last time you saw a Cap Rate that high!!)
And a VERY ROBUST 22.49% Cash on Cash Return (aka the return on your down payment).
Please see MARKETING PACKAGE for details on income, expenses, and returns.
While actual rents are low, they are month to month, and can be raised.
Nearby market rents are $1,960 monthly for the 3 bedroom unit, and $1,795 monthly for the 2 bedroom units. For details on these RENT COMPS, please see MARKETING PACKAGE attached.
THIS IS A GREAT BUY! PLEASE NOTE THIS NEARBY SALES COMP!
A nearby triplex, at 13176 Navajo recently sold. It's inferior to us.
It has the following bedroom bath mix.
One 3 bedroom, 1 bath.
Two 2 bedroom, 1 bath.
Remember we are One 3 bedroom 2 bath, and Two 2 bedroom 1.5 bath's.
This INFERIOR triplex sold for $625,000. That's $45,000 more than our asking!!! For details of this COMPARABLE SALE, please see MARKETING PACKAGE attached.