About 347 Highland
FULLY RENTED TRIPLEX — INVESTMENT OPPORTUNITY! Well-positioned income-producing property featuring three rental units, with each unit offering 2 bedrooms and 1 full bathroom. All three units are currently rented, providing an immediate income stream for the next owner. Current monthly rents are $700 for Unit 1, $800 for Unit 2, and $850 for Unit 3, producing a combined monthly rental income of $2,350 and annual gross income of $28,200. The property has a reported NOI of $22,386 annually. At a purchase price of $135,000, the property generates a projected 16.58% annual return based on NOI, with approximately $223,860 in projected NOI over 10 years. Based on 10 years of NOI less the initial purchase price, the estimated gain is approximately $88,860, before considering appreciation, financing, future rent increases, or other changes in operating expenses. With three fully rented 2-bedroom units, established rental income, and strong projected returns, this property offers an excellent opportunity for an investor looking to add a cash-flowing multifamily property to their portfolio. Property is sold AS IS, WHERE IS.
