Updated about 9 years ago on . Most recent reply
Investor Special!! Delaware County, Pa!! Only 50k!!!
INVESTOR ALERT!!! This 6 bed, 3 bath house is currently zoned as a duplex but was converted to a single family home by the previous owner. The home does need some TLC. Two new heating units were installed in the past 2 years. There is potential to turn this property into a triplex for more cash flow! Please bring a flashlight during your walk-through. All reasonable offers will be reviewed.
*The first floor was a one bed, 1 bath unit but it can easily be turned into a 2 bed unit. Average rent for a 2 bed unit is $700
*The second floor is a 3 bed, 1 bath unit. Average rent for a 3 bed unit is $875
*The third floor could be a 2 bed and 1 bath unit. Average rent for a 2 bed unit is $700
*There is an oversized, 2 bay garage that can also be rented out for additional income. $200-$400
Purchase Price- 50k
Estimated Repairs- 60k-70k
Potential Income- $2465/month
Taxes- $5100/year or $425/month
Comps: 939 Sunset St, Trainer, PA 19061 sold for 132k
1020 Chestnut St, Trainer, PA 19061 sold for 136k
3507 W 13th St, Trainer, PA 19061 sold for 129k
2012 W 3rd St, Chester, PA 19013 sold for 110k
*Please perform your own due diligence.
*https://drive.google.com/open?id=0B8GT9qT98LG2aEFsVms5S1VEa1U
*Investor Special, Cash Flow, Delco, Trainer, Marcus Hook, Below Market Value