Description
Triplex
• 3 Units - 2 up / 1 main
• 3 Zone Boiler Heat
• Ceiling Fans
• Water View
• Off Street Parking
• Easy walk to school, church, shopping, restaurants and the beach
Main Floor Unit
• 3 bed/2 bath
• 1360 SqFt
• Full Kitchen
• Laundry Room
• Occupied: No
Each Upper Unit
• 1 bed/1 bath
• 1 unit @ 675 SqFt / 1 unit @ 540 SqFt
• Full Kitchen
• Occupied: One unit
• Rental Income: $800/Month/Unit
Great opportunity 2 invest or retreat in Suttons Bay Village. Buy this property & owner occupy 1 unit. The other 2 units' rent will cover most of PITI payment. Best of all owner occupants may be able to buy with a 3.75% down FHA loan and use 2/3 of the rental income to qualify for the loan. Property can also be
used as straight rental & will return appx 9% cash-on-cash with an appx 7% rate of capitalization based on 80% LTV, 30 year fully amortizing loan @ current quoted fixed rate 4.75% with 2 points. Ask Me How!
MLS: 1733070
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