Property
| Furnished: | YES |
|---|---|
| Ownership: | Fee Simple |
| Type: | Unknown |
| Bedrooms: | 5 BR |
| Bathrooms: | 4 |
| Lot Size: | 0.1 Acres |
Financials
Price:$895,000
Annual Taxes:$7,754.31
Listing Courtesy of COPELAND MORGAN LLC
A 1031 Buyer or House Hacker's Dream !
Description
A 1031 Buyer or House Hacker's Dream! This rare, fully legal, and licensed triplex in sought-after North Kenwood is a true plug-and-play asset! The property is fully furnished and occupied with 5 income streams, averaging over $7,250/mo in rental income (2025 actual). The main home is a 3/2 block home custom-built by the seller in 2023, consistently rented by the room to three separate roommates (T-12 occupancy 96%) and averaging around $3,800/mo in rental income. The rear building is a 1950s block structure that was completely renovated in 2022 to include new electrical, plumbing, and central HVAC; the rear bldg roof was replaced in 2020. This rear building is a 2-story up-and-down duplex with two fully furnished 1/1 apartments averaging $2,000/mo each (T-12 occupancy 97 %, with only 14 nights of vacancy between the two apartments). The property attracts snowbirds, digital nomads, and returning annual guests, and is professionally managed with a comprehensive tech stack that includes dynamic pricing, listing syndications, and smart integrations (ongoing management is available for a true hands-free investment).High and dry with no flood insurance requirement or HOA, the property features three electric meters, 5 parking spaces, and a shared paver patio courtyard with a BBQ and fire pit. All three units have indoor laundry and central HVAC. Survey, 4-point, wind mitigation, rental license, and other documentation are attached. A 1031 buyer could snap this up with low/no debt service and utmost confidence in high occupancy/income and very low CapEx, while a house-hacker could pick this up with as little as 5% down (or less for FHA/VA), occupy any of the units, and still maintain 4 separate income streams! FHA/VA ready with almost no appraisal risk for financed buyers (property appraised for $825k in 2023 upon completion of construction, during a tighter credit market, before utilities were even connected).
Amenities
- Blinds
- Cable Connected
- Ceiling Fans(S)
- City
- City Limits
- Courtyard
- Dishwasher
- Disposal
- Dryer
- Eat-in Kitchen
- Electricity Connected
- Electric Water Heater
- Fence
- Fire Pit
- Garden
- Landscaped
- Level
- Microwave
- Near Public Transit
- Open Floorplan
- Paved
- Range
- Refrigerator
- Sewer Connected
- Sidewalk
- Solid Surface Counters
- Solid Wood Cabinets
- Tankless Water Heater
- Thermostat
- Walk-In Closet(s)
- Washer
- Water Connected
- Window Treatments
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.