Dankwardts Sub

Highlights:

• Lot Features: Less Than 1/4 Acre Lot
• Documents Available: Other Available Information
• Architectural Style: Detached
• Cooling: Ceiling Fan(s), Central Air
• Heating: Central
• Flooring: Tile
• Construction Materials: Other

Description:

Property includes both the front single-story home and the large two-story rear building on the same lot. Fully rented triplex on an 8,050 SF lot generating $10,000/mo ($120,000 annually) with a current NOI of $80,226 after $39,774 in annual expenses, reflecting a 7.0% cap rate. Unit A is a 5/3 created by combining the original 4/2 with a studio for the current tenant who subleases, while Units B and C are each 3/1. The 2,822 SF building features impact windows installed in 2023 and a 2009 asphalt shingle/roll-up roof (16 years old as of 2025). Zoned T4-R, this property offers strong returns and 1031 exchange opportunities, with a market gross rent potential of $9,900/mo ($118,800 annually). Part of a 9-unit portfolio. Showings are by appointment only—please do not disturb tenants.