Bargain of the Week: Huge Triplex for $229,500

The price on this Lakewood Triplex made us do a triple take! Each week we search for properties that are priced so well that we expect them to sell in two weeks or less. This triplex is 3 units, 2 bedroom 1 bathroom each. Each unit has it’s own garage, and the whole building has been updated with the city’s energy package.

Here’s the Breakdown:

• 3 Units – 2 bedroom 1 bathroom each, rented from $600-$650
• Rental history has almost Zero vacancies
• 1 Garage Per Unit
• Coin Op Laundry on site for extra income

This triplex is an ideal property for a first time homebuyer looking to owner occupy and rent out the other 2 units. According to listing agent Pete Elswick, it qualifies for FHA Financing which means the buyer only needs to make a downpayment of 3.5%!

If you would like more information about this property please contact us!