This is a Quad with two 2 car garages and a spare lot used for additional off street parking.
The quad is situated on 3 separate contiguous lots
It is zoned for rentals in Upper Chichester Twp.
1 deeded lot for 2109 (a duplex) with 2 car garage and office
1 deeded lot for 2111 (a duplex) with 2 car garage
1 deeded lot as a separate lot used only for parking
Two Separate, Two Car Garages with rear driveway access.
4-6 off-street parking spots on spare lot.
Currently all units are rented and are all occupied
2 BR $1200 with garage
3 BR $1100 without garage
1 BR $ 925 with garage
1 BR $ 725 without garage
$3,950 Monthly Gross
$47,400 Annual Gross Income
8.7% Cap Rate
-3% Annual increases built into all leases. 1/2 are Month to Month.
-Built like a fortress. Stone/brick/stucco, recent exterior paint.
-Roof is 50-year white silicone.
-Separately metered natural gas and electric (paid By tenants).
-Granite kitchens in all units
-Modern gas boilers for all units with separate t-stats
-Laundry in basement or unit each tenant has own laundry.
-(4) 1 year old hot water heaters.
-Modern Electrical panels in all 4 units and both garages, all metered separately and paid by tenants.
-Water and Sewer are public and paid by Land Lord.
-All new vinyl windows (Except porches).
-2 new HVAC Heat Pumps.
Agents need only contact with a buyer @ 2.5%.
Features and Amenities
- Additional Land Included