161 5th AVENUE NE

Searching for a smart investment property, or the opportunity to live affordably while your tenants cover the mortgage? This well-maintained triplex in a sought-after northeast location checks every box. Situated steps from the walking paths, river valley, and downtown amenities, this three-suite property offers immediate income potential with significant recent upgrades already completed. The fully renovated basement suite is a standout — featuring two bedrooms, two bathrooms, hardwood flooring throughout the living areas, a beautifully updated bath with a walk-in tiled shower and rainfall head, and large PVC windows that fill the space with natural light. An ideal owner-occupied unit, allowing you to essentially live at no cost while the upper suites generate income. The main floor houses two one-bedroom apartments, each with separate entrances and access to shared laundry and individual storage lockers — a setup tenants appreciate and that adds to tenant retention. Major capital improvements have already been completed, including a new metal roof, freshly painted exterior, updated front deck, and $24,000 in electrical upgrades — new wiring, panel, and individual meters for each unit. This is a turn-key investment with the expensive work already done. Outside, each unit has dedicated parking with individual plug-ins. The yard offers a genuine retreat with mature trees, a fire pit area, and a storage shed. Whether you're an experienced investor or exploring real estate ownership for the first time, this triplex presents an outstanding opportunity in a prime location. (id:53361)