3 Bed, 2 Bath Triplex
Turnkey Rental
We purchased this 3 bedroom, 2 bathroom duplex — 2 bed, 1 Bath & 1 bed, 1 Bath — in April 2025 for $100,000. This is a turnkey rental that already had tenants occupying it when we bought it. The property appraised for $130,000 when we purchased it, which means that we bought it with a bit of extra equity. We partnered with an investor to execute this deal.
Financials
Purchase price: $100,000 (- 3% seller concession)
Appraised Value at Purchase: $130,000
Cash Invested: $28,166
Cash-on-cash return: 19%