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Income producing property 6 units (5, 1-bedroom units, one studio) and 6 separately rented individual garages. Net operating income of 70K (full financials available to qualified buyers). The property is fully rented with high quality tenants - note that listing photos are from before tenants moved in. Current owners have rehabbed and updated the property for efficient management - making it easy for a new owner to step in and take over. Owners are selling their whole portfolio for a career change. Updates and repositioning done by the current owners: - Put in all new sidewalks and curbs on all 3 streets and new entry apron by the garages - Repainted the entire house and repaired the soffit and trim - Renovated apartments 5 and 6 - separated electric and installed mini splits (heat/ac) and new kitchens with granite counters - Installed a laundry room with coin operated machines and electronic keypad entry - Put in a trash pad and communal dumpster - Removed and stumped dead trees - All units have separate gas/electric - Tenants pay for water, sewer and trash - Moved all tenants to online payments - Increased the rents to market rate - High quality tenants - must have 650+ credit score and make 3x the rent in verifiable income. - No pets in building - No smoking in building - Annual rent increases are built into all current leases Other qualities of the property: - Main house entry is by electronic key fob only. - There is a camera surveillance system installed
| DAYS ON MARKET | 209 | LAST UPDATED | 5/2/2024 |
|---|---|---|---|
| YEAR BUILT | 1880 | COMMUNITY | Oxford Boro (10306) |
| COUNTY | CHESTER | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Oxford Boro (10306) |
|---|---|
| CONSTRUCTION | Brick |
| HEAT | Hot Water, Natural Gas |
| LOT | 0.4 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| SEWER | Public Sewer |
| TAXES | 8615 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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