top of page

Turn Key Triplex in Little Italy

List Price

$1,799,000

02f70431-3d19-45da-9b15-a6e65da5042e.png

LIVE IN THIS PROPERTY FOR AS LOW AS

$2500

PER MONTH

Why we love it.

Live in one of the upper units and rent out the other two.

This property checks so many boxes. To start with, it is ideally located and has a fantastic 23' x 123' lot. The interior is in excellent condition with only minor updates needed to maximize rents. The ability to add a Laneway Suite provides the owner an opportunity to live completely mortgage free while generating nearly $10,000 per month in passive rental income. This is a home that can grow with the needs of it's owners and can be converted back into a single family at any time.

BY THE NUMBERS

Property details & financials.

Monthly Mortgage

$6,800

Monthly Taxes & Utilities

$1000

Monthly Rental Income

$5300

Total Monthly Carrying Costs

$2500

% Of Mortgage Covered by Rent

78%

Property Details

Property Type

Semi-Detached

Bedrooms

5

Bathrooms

4

Lot Size

23 x 123

ADU Potential?

Yes

Total Rent Collected After 5 Years

$318,000

With ADU Addition
(If Qualified)

Loan Amount

$400,000

Monthly Loan Payment

$2,200

Monthly Rental Income

$4,200

Monthly Cashflow

$2,000

Mortgage is based on a 20% downpayment with a 30 year amortization and a 4.1% rate. ADU financing is based on the same terms and a build cost of $400 per square foot.

bottom of page