Arlington, WA Triplex, Easy 7.1% CAP +, Turn-key, Fully Occupied

[Kat Rogers]

Cash earning triplex for wholesale/assignment by Friday. 

• Zero Rehab needed
• CAP rate 7.1% W/ Recommended rent boost.
• Already performing above local rates at CAP of 6.2% W/ at asking price $369,900
• Price includes sales price on original PSA & Wholesale / Assignment fee

Happy, stable, & long term performing renters that Landlord Loves.
Current rent: |unit1 $910 |unit2 $750 |unit3 $980
Property manager recommended: |1 $910-1,050 |2 $700-800 |3 $950-1,050
$200/mo income from on-site laundry adds to the income

Fantastic location with good freeway access for Good North End commute!
Walking distinct to everything in town.

• Current annual net $22,948 at current rents = CAP rate of 6.2%
• Immediate recommended rent adjustments boost this to CAP rate of 7.1%
• A couple management tweaks like downsizing severely underutilized trash service etc. could boost cap rate even further, right from the start.
• Rental rates continue to ruse fast so cap rate should hit 8% and beyond in short order with continued growth.


We expect a competitive bidding war but available but Ca$h closing needed by this coming Friday so all serious cash offers will be considered.

Must be ready to fund by July 14th and close by July 15th.

Reported average monthly expenses:
ELECTRIC | $75
WASTE | $102.85
WATER&SEWER | $355.09
LAWN | $80
TAXES | $195.33
INSURANCE | $105.42
_____________________
MONTHLY TOTAL $913.69

Additional info. available for serious buyers only:
3 Page flyer
Copy of PSA contract
Pics of thorough walk through of all units shared space
Walk through / Tours of units by prior arranged appointment only and time is limited so call immediately
Copies of contracts with tenants
Documentation of sellers operating expenses


KEY PROPERTY
SOLUTIONS
For additional information, to book tour, or to lock in your bid.
(360)710-3233 

[email protected]

[email protected]