1% rule, 10% cap rate, Property is Preapproved Attention investors. .. this is a wonderful opportunity to own a turnkey full leased triplex that the seller has gotten preapproved for a loan with a national lender. No W2 or Tax returns needed. Worried about property management? The current property management company is interested in continuing to manage. This property is completely renovated. Features include all new flooring, lighting and paint, and remodelled kitchens. Bathrooms are also updated with new vanities, fixtures and lighting. Other features include two newer heat pumps, a gorgeous covered front porch, oversized bedrooms, tall baseboard and door trim and plenty of parking. All this in a quiet neighborhood with an open field in the front for space and privacy.
Convenient Triplex close to MANY City Amenities! This triplex property is ideally situated and comprises two 1-bed/1-bath units with updated flooring/paint. Currently rented for $525 each. These units have new window heating/cooling units along with new faucets, and shower surrounds. Unit C has new kitchen cabinets and a new sink faucet with a long-term tenant-occupied 2-bed/1-bath unit rented for $800. This brings the total monthly rents to $1850. New roof just replaced May 2024. Tenants pay electricity seller covers gas and water. Don't miss out on this great investment opportunity! Albert Harris Elementary, Martinsville Middle and High School. Sq ft. lot size est. Information taken from tax assessment and/or seller. Seller is a licensed agent.
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Martinsville is located in Virginia. Martinsville, Virginia has a population of 13,476. Martinsville is less family-centric than the surrounding county with 15.43% of the households containing married families with children. The county average for households married with children is 15.43%.
The median household income in Martinsville, Virginia is $36,832. The median household income for the surrounding county is $36,832 compared to the national median of $69,021. The median age of people living in Martinsville is 40.6 years.
The average high temperature in July is 87.1 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 46.2 inches per year, with 6 inches of snow per year.
