531 GEORGE STREET

Some investments feel complicated. Others simply make sense. Located in the heart of Hearst, this well maintained triplex offers the kind of opportunity investors are always hoping to find. With a current cap rate of 5.78%, this property provides a stable and reliable foundation whether you are purchasing your first income property or adding another quality asset to a growing portfolio. The building is home to clean, respectful long term tenants who take pride in where they live, helping create a low maintenance ownership experience. Each unit benefits from two dedicated parking spaces and its own private storage shed, features that tenants appreciate and value. Utilities are paid directly by the tenants, with the exception of water, helping keep operating costs predictable. Recent updates include a newly redone roof, offering added peace of mind for years to come. If you have been searching for an investment that combines steady income, quality tenants, and a convenient location, this triplex is one worth a closer look. (id:67197)

Price

$252,000

Property Type

Multi-family

Transaction Type

For sale

Bedrooms

6

Bathrooms

3

Parking

6

MLS® Number

T13786456

Interior Size

1500 - 2000 sqft

Building Type

Triplex

Bedrooms Above Grade

6

Bathrooms

3

Basement

N/A

Cooling

None

Exterior Finish

Vinyl siding

Fireplace

No

Foundation

Block

Heating Fuel

Natural gas

Interior Size

1500 - 2000 sqft

Stories

2

Water

Municipal water

Size Frontage

66 ft

Size Depth

82 ft ,6 in

Acreage

No

Sewer

Sanitary sewer