About This Home
This unique property is an income-producing triplex disguised as a single family house. Live in the charming main floor one-bedroom unit… get ongoing income from the Air BnB on the upper two levels… and steady rent from the lower level tenant. This house almost pays for itself.
Great opportunity for first-time home buyers to build equity while having tenants help pay the mortgage! Owner occupants may be eligible for FHA financing with as little as 3.5% down. Conventional financing for owner-occupants requires only 5% down.
This owner-occupied triplex has great cash flow! Well maintained, with roof, gutters, boiler and windows all less than 8 years old. Old-world charm fills the main floor owner-occupied 1-bedroom unit, with a front porch, high ceilings, original hardwood floors, oak trim, stained and leaded glass and built-in buffet.
Upper two levels have been an Air Bnb 3-bedroom rental business for 5 years, rented about 85% of the time. With short-term rental, no worries about tenants falling behind on rent and concerns about how to evict them… or worries about long-term tenants trashing the property. With careful screening to prevent a ‘party’ house, Air BnB rentals can provide great guests. Having an on-site owner encourages good behavior.
Lower level one-bedroom studio apartment has a 2-year tenant who wants to stay.
Lots of options for this space… also good for multi-generational living.
Hard to find 2-car garage and fully fenced, private back yard that invites you to stay… great for pets, kids, or just relaxing. Convenient location near bus, light rail, parks, restaurants, easy access to airport.
Don’t let this great opportunity pass you by!
