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Key Facts

Type Triplex
Levels Residential
Size -
Garage Yes
Taxes $1,889
Lot Size 
Approx. Age 
MLS® Number X12200271

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Income-Generating Triplex in Iroquois. Great Investment Opportunity! Attention investors! This soon to be fully tenanted triplex in Iroquois offers steady rental income with room for growth. Featuring three self-contained units, this property includes two main-floor apartments and one upper-level unit, all with separate utility billing for tenant-covered expenses. Unit Breakdown: Main Floor 1 Bed, 1 Bath | Recently renovated, Now rented since April 1st, 2025 for $1200/month plus utilities, creating a cap rate of over 6% for the building. Main Floor 2 Bed, 1 Bath | Long-term tenant paying $400/month. Upper Level 2 Bed, 1 Bath | Long-term tenant paying $650/monthThis property boasts low-maintenance features, including vinyl and hardwood flooring, a high-efficiency natural gas furnace (2013), electric baseboard heaters in each unit, and a steel roof (2013). Other upgrades include new vinyl windows (2010-2013), ensuring improved energy efficiency. Enjoy ample parking, a spacious yard, and a double garage great for storage or additional rental potential. One long-term tenant manages lawn care and snow removal, reducing maintenance costs. While the siding could use some attention, the soffits and fascia are in good condition. Conveniently located in Iroquois, this property is a great opportunity for investors looking for a mix of stable long-term tenants and upside rental potential. Contact your realtor or myself for more details or to schedule a private viewing! (Interior pics are of recently updated Unit B, main floor 1-bedroom)Show Description
MLS® NumberX12200271
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementFull, Unfinished
DrivewayGarage Type:Detached
Garage Spaces
HeatGas, Forced Air
A/CNone
Heating Fuel

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