403 PEACH TREE LANE

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Description

Turnkey triplex with significant upside. An additional third floor can be added under the current zoning and\r\ndrawings for three additional bachelor units have been completed. The flat roof allows you to easily convert the\r\nproperty into a Legal 6plex. As is: The Upper Level 4-bedroom unit is renting for $2800, the 4 bedroom unit on the\r\nmain level is renting for $2400, and the three-bedroom basement unit is renting for $2200 per month. Additional\r\n$275 per month of revenue from parking and laundry. Utilities are not included. Property currently has a cap rate\r\nof 5.27%. Perfect investment opportunity for growth-minded buyers. Construction services can be provided for\r\nthose interested in adding the 3 units. Permits have been submitted for the 3 additional units. 24 hrs notice for\r\nshowings due to tenants & 24 hrs irrevocable on all offers; as per form 244. Additional inclusions: 2 light fixtures in\r\nthe basement., Flooring: Hardwood, Flooring: Laminate (id:21126)

Property Location

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