Average square foot calculated using Size range provided by listing agent.
Description
This investment opportunity is turn key and ready for you. A 5-unit ready to go that has only one vacancy currently. This property has been completely rehabbed with new kitchens and bathrooms, windows, paint, flooring, security door and cameras, updated electric with separate meters, and one roof has a brand new rubber roof on it. Best of all, each unit the tenants pay for their own heat and air conditioning with new mini split systems. The total rents are $73, 500 per year. Expenses are roughly as follows. Insurance $1, 900, repairs/maintenance $500, Sewer & Water $4, 800, licenses and permits $250, electric $300, and real estate taxes. The cap rate is just under 10%, and the debt coverage ratio is 1.46% with the typical 25% down.Show Description
MLS® NumberPABK2063510
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorFire Escape
GarageNo
Approx. Age1900
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatRadiant, Electric
A/CCentral A/C, Electric
Heating Fuel
Extras
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