1121 COLORA RD Colora, MD 21917

Motivated Seller offers this unique triplex in Colora Maryland is one of a kind. With a cap rate of 12% and current monthly rents being $3,440 with the potential to increase that to $4,010 this property is any investor's dream.
Apt. 101 - Right unit, is two stories and roughly about 1,500 square feet. This apartment has 3 bedrooms, a spacious living room, family room, an enclosed porch, 2 full newly renovated bathrooms, and a renovated kitchen. New laminate flooring throughout. New central air. And a laundry room with a stackable washer and dryer. Current tenants have been here for over 2 years and they're paying $1,380 a month.
Apt. 102 - Left unit, is two stories and roughly about 1,500 square feet. This apartment has 3 bedrooms and 1.5 bathrooms. New laminate flooring throughout, and access to the side yard. This unit has baseboard heating and the tenants supply window units. And a laundry room with a washer and dryer. Current tenant has been in place for a few months and pays $1,380 a month.
Apt. 103 - Entire 3rd floor with private access from the back of the house is roughly about 1,150 square feet. This 3 bedroom and 1 bathroom apartment needs a complete renovation. Current tenants have lived there for 4+ years and pay $680 a month. They will be vacating April 1st. The potential rent is around $1,250 per month.

Owner pays $390 per month to pump the holding tanks, and currently $150 per month for Trash. The new Buyer can easily make any new tenants pay for their own trash to avoid that monthly expense. House is on well water AND taxes are only $1,701!