Great investment on a 3-unit building in Palma Ceia that is never vacant. This property has a 5% cap rate with it's current rents. The gross income is $42,000 and the net income is just under $31,000. You can collect your income until the time is right to build two townhomes since the property is zoned RM-16 multi-family and sits on a large lot and a half 100 X 75. This Bungalow style house is divided into 3 units that include a 1/1, 2/1 and possible 3/1 all with their own washer and dryers and separate electric meters. Many upgrades have been made including a roof and some AC units. Each unit has it own entrance with the upstairs unit having an additional rear exit/entrance. All units have many windows attracting lots of natural light with mostly Pine floors throughout and some carpeted areas. There is also a large shed for additional storage for the tenants use. There is plenty of parking with a private parking pad that can support six vehicles and additional street parking.