$474,900
Turnkey Income-Producing Triplex | Renovated 2022 | $4,325 Monthly Rent + Garage Income
Strong investment opportunity for an investor seeking an established, income-producing multifamily property with recent renovations and multiple revenue streams. This well-maintained triplex was renovated in spring 2022 and features three private 1-bedroom apartments, one on each level. The units are rarely vacant, and current monthly apartment rents total $4,325, with existing leases conveying to the buyer. The detached 2-car garage is also rented, providing an additional source of income.
Each unit offers a functional layout with a true bedroom and separate living room, along with a full kitchen featuring granite countertops, stainless-steel appliances, refrigerators with ice makers and water dispensers, and garbage disposals. All units have LVP throughout for ease of maintenance. Updated full bathrooms include tiled floors, modern fixtures, and updated vanities. All three levels receive excellent natural light, including the lower level.
Additional income-producing amenities include a vending washer and dryer in the lower-level common area. The property also offers a fenced backyard, detached 2-car garage, and easy street parking.
This investment property has been owner-operated by a seasoned Realtor and a successful builder since 2021. Units have been well marketed for solid rents and long-term tenants. Good systems are in place for good communication with the tenants and rent collection. The renovation was well thought out regarding easy maintenance, space planning, and filling an area void 1 bedroom units. Rents have room for increase and currently include utilities.
The 2022 renovation and clean, well-maintained condition provide an opportunity to acquire a turnkey multifamily asset with established rental income and limited immediate renovation needs. Convenient access to I-695, I-95, and I-895, Johns Hopkins, Amazon, the Port of Baltimore, and Tradepoint Atlantic makes the property well-positioned for rental demand.
Key Investment Highlights:
• 3-unit multifamily property
• Three private 1-bedroom apartments
• Renovated spring 2022
• Current apartment rents: $4,325/month
• Detached 2-car garage with additional rental income
• Leases convey
• Rarely vacant
• Tenant laundry income/amenity
• Separate living rooms and full kitchens
• Updated kitchens and bathrooms
• Fenced backyard
• Easy street parking
• Convenient access to major transportation corridors, employment centers, and Port/Tradepoint Atlantic
3111 Liberty Pkwy, Dundalk
Listing courtesy of Cummings & Co. Realtors. Contact:
