Three Houses on One Lot

$365,000 • 6 Beds / 3 Baths
Offer Submission Deadline
  • 2-4 Unit
  • 6
  • 3

Description

Price Drop!! Here’s a pretty unique deal with three individual single-family houses on one lot (150 ft wide). This can be looked at as a triplex, or there could be potential to split this back into three individual lots, with three separate flips. A survey has been ordered to determine feasibility.

Houses are currently rented at $800/mo each but it’s mostly family members, so rents are definitely below market. There are new builds right across the street, which has made the whole street feel updated.

All of the houses are 2 bed/1 bath, with varying interior updates. Two of the houses are full block construction, and the third is block and a frame portion. Sizes are 780 sf, 625 sf, and 576 sf. Details can be found on the property appraiser site, where all three are listed.

Estimated Spread

  • ARV $500,000
  • Price $359,900
  • Spread $140,100

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