407 E Corona Ave

Description

Discover a versatile, income-producing triplex in Wiggins' desirable North Ridge Addition, offering immediate cash flow with strong upside potential. Current rent of all three units combined is $5175.00 which includes utilities. The property includes three units: two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit.One 2-bedroom unit and the 1-bedroom unit have been thoughtfully remodeled with fresh paint, updated kitchens featuring tile flooring, durable laminate flooring throughout, and refreshed bathrooms-creating modern, low-maintenance living spaces. The 1-bedroom unit is currently move-in ready, presenting an excellent opportunity for an owner-occupant or to lease. The remaining 2-bedroom unit is in original condition, providing a clear value-add opportunity to renovate and increase rental income over time. A standout feature is the large shared deck off the two upper units, offering an inviting outdoor space for relaxing or entertaining. Additional exterior highlights include newly refreshed landscaping, fresh sod, an updated sprinkler system, and mature trees all contributing to strong curb appeal and a well-maintained presence. Parking is abundant with six dedicated off-street spaces-two per unit-plus an oversized two-car garage, providing added flexibility for storage or additional parking. Dedicated tenant storage further enhances convenience and functionality. Whether you're expanding your investment portfolio or seeking an owner-occupant opportunity, this well-maintained triplex offers a compelling combination of updates, stability, and future growth potential.