Turnkey Triplex w/ Tenants -- 20% Cap Rate! Greensburg, PA

[Helen Bollinger]

Turnkey Triplex with long-term tenants available for $91k in Greensburg, PA -- walking distance from Seton Hill University. Great location and property requires NO work! Cap rate of 20%.

Property is a duplex with an apartment behind it. Duplex is a 2 bedroom ($650/mo) and a 3 bedroom ($750/mo). Rear apartment is a 2 bedroom ($500/mo).

This turnkey property grosses $1,900/month in rents. The property needs absolutely no work and the tenants want to stay long-term!

Offered at $91,000. This truly is a great deal that comes with tenants!

Landlord pays for gas, water, garbage, sewage ($205/month); Tenants pay for their own electric (*heat is electric baseboard*). Tenants handle grass and snow removal. Great property management company referrals available upon request!

Cap Rate details: Net operating income is $17,783 ($22,800/yr rent - $1,683 taxes - $870 insurance - $2,464 utilities) / $91,000 sales price = 21% Cap rate. This doesn't take into account maintenance. It doesn't take into account vacancies because this triplex has long-term tenants and as a bonus, is always filled quickly with the University there.

Call Helen today at: 724-916-5005 for more information or email me at: [email protected]

Pictures here:

http://p.reiblackbook.com/143422