Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
1855
Sq.Footage
3,351
This unique 3 unit property offers a versatile layout ideal for both investors and owner occupants. One side of the building features a spacious 3 bedroom 1 bath home, while the other side is configured as two 1 bedroom apartments. The single family portion and first floor apartment are currently occupied, providing immediate rental income, while the second floor unit is vacant and ready for lease or owner occupancy. Situated on a large corner lot, the property stands out with ample outdoor space and added income potential. A detached two car garage presents an additional rental opportunity, complemented by three off street parking spaces for tenants, a major convenience and value driver. Whether you are looking to expand your portfolio, execute a value add strategy, or house hack by living in one unit while the others offset your mortgage, this property checks multiple boxes. Strong fundamentals, multiple income streams, and room to increase rents make this a solid long term play. Once stabilized, the property has the ability to produce $42,600 in gross annual rent, further enhancing its appeal as a reliable income producing asset.
Features & Amenities
Interior
-
Total Bedrooms
5
-
Bathrooms
N/A
-
Above Grade Finished Area
2491.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Electric, Oil, Forced Air, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Other
-
Parking
Off Street, Garage, Detached
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.21
-
Lot Size(square feet)
9,148
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Other
Price
-
Sales Price
$299,995
-
Tax Amount
$3,831
-
Financing Options
Private, Cash, Conventional
-
Zoning
103 Res: Residential 3 Family
-
Sq. Footage
3,351
-
Price/SqFt
$89
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
LEBANON
Elementary School
Middle School
High School
Listing Courtesy of Noah Starry, RE/MAX Cornerstone
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Owner, President, Investment Property Advisor
Theresa Kehler
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