TRIPLEX FOR SALE - Unique income-producing property featuring a 3-bedroom, 1-bath single-family home fronting Merchant St and a rear duplex with two 2-bedroom, 1-bath units accessible via the alley. Located in an up-and-coming area experiencing significant revitalization, with numerous neighboring properties undergoing renovation and improvement. This property offers multiple… Read More investment strategies, including owner-occupancy in the front home while generating rental income from the duplex, or leasing all three units for maximum cash flow. All units are currently occupied and leased on a month-to-month basis, providing flexibility for future plans. The property includes 1018, 1020, and 1022 Merchant St. Please do not disturb tenants. Showings are available by appointment only. Read Less
Courtesy of Coldwell Banker Apex, REALTORS, Chad Chaney.
Listing Snapshot
Days Online
63
Last Updated
Property Type
Triplex
Beds
7
Full Baths
3
Lot Size
0.22 Acres
Year Built
1946
MLS Number
21286246
Additional Details
Building
Built in 1946, Construction materials: Frame, Levels: One, 2 buildings, 1, Toal building area: 2814
Cooling
CentralAir, Electric
Expenses
Insurance: $2,780
Fence
Wood
Heating
Central, Electric
Income
Gross income: $21,600, Net operating income: $10,800
