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Property Description:
Cash flowing triplex. Full occupancy, great location close to downtown. 2 BR's, 1 bath in the middle and upper unit. 1BR in the lower unit. Middle unit has a large pantry that is big enough for a 3rd bedroom. Water Heater was new in 2021. The upper unit has a deck off the back and the middle unit has a front porch. The lower unit has a front sitting area as well. Tenants pay electric. Up the hill a bit so some views of the lake and harbor area. Rents total $41,400 per year - Upper unit $1,200, Middle unit $1,300 and Lower unit is $950/month. Total 2024 expenses = $15,481. Don't miss this great investment opportunity or great for an owner occupant. Financials listed are for the current tenants moving forward. See supplements for previous years P/L - lots of deferred maintenance completed on the building in this owners tenure. 1 water heater for lower level unit and 1 for the middle and upper units. 1 forced air furnace and lower level unit has a supplemental source. No laundry on site. Unit 1 & 2 pay electric, unit 3 is on the house meter. Tenants handle snow removal. Owner handles lawn.
Includes:
GasWaterHeater,Oven,Range,Refrigerator
Directions:
I35 to North Lake Ave, Go West to E 5th St., Go North to N 2nd Ave E, Go West to corner of E 6th St.
LISTING OFFICE:
RE / Max Advantage Plus
Available Units
Unit
Beds
Baths
Rent
Sq. Ft.
25278917
2
1 / 0
$1,200.00
900
25278918
2
1 / 0
$1,300.00
900
25278919
1
1 / 0
$950.00
450
Property Details
County
Other
School District
Other
Above Grade
1,800 sq. ft.
Below Grade
450 sq. ft.
Year Built
1884
Age
141 yrs old
Style
Triplex
Property Type
ResidentialIncome
Lot Size
25 x 140 x 25 x 140
Acreage
0 acres
Property Taxes
$3,528
Tax Year
2025
Features
Basement
Finished,Partial,WalkOutAccess
Cooling
WindowUnits
Electric
CircuitBreakers
Exterior
VinylSiding
Fireplace
None
Heating
ForcedAir,WallFurnace
Patio/Deck
Open,Porch
Sewer
PublicSewer
Water
Public
Zoning
Residential-Multifamily
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This data is current as of: Wednesday, December 31st, 2025
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