SHOWINGS STARTING THURSDAY 1/30 . This fully-leased, 4-unit property offers a seamless blend of charm and functionality, making it a standout option for investors. Situated on a spacious corner lot by F&M College & West ART, everything tenants need is within walking distance. Recent upgrades include a newer roof (2019,… Read More per prior Seller's disclosure) & new gas furnace serving heat for the entire property. Each unit has its own private entrance which means there is no common halls. Off-street parking for 3 cars plus free street parking. Seller has kept rents low, intentionally. Market value rents in current condition would produce a 6.9% cap rate. Additional value adds include providing laundry for tenants, installing cooling systems, and renting the parking spaces. Potential to lease to college students for a higher rent and continual student base tenants. Tenants pay for electric. Landlord pays all other expenses. Agents can view the proforma under Documents or please request it. Information herein is deemed accurate however buyer shall confirm any information deemed important to them Read Less
Courtesy of Corinn Kirchner, PPM Real Estate, Inc. [email protected]
Listing Snapshot
Days Online
3
Last Updated
Property Type
Townhouse
Square Ft.
3,375
Lot Size
0.12 Acres
Year Built
1905
MLS Number
PALA2063562
30 Days Snapshot Of 17603
$323k
0%
(avg) sold price
29
-53%
homes sold
30
+50%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Daylight, Partial
Building
3,375 sqft living area, Built in 1905, Structure Type: End of Row/Townhouse, 4 units in building, 3 levels in building, Brick, Masonry
Cooling
Electric, Window Unit(s)
Accessibility Features
Other
Exterior Features
Fire Escape
Heating
Natural Gas, Radiator
Lot
5,227 sqft, Lot Size Dimensions: 0.00 x 0.00, 0.12 acres
Property
Other Structures: Above Grade, Below Grade, View: City, 2 one-bedroom units, 2 two-bedroom units
Roof
Rubber
Sewer
Public Sewer
Taxes
City/Town Tax: $3,168, City/Town Tax Pymnt Freq: Annually, County Tax: $729, County Tax Pymnt Freq: Annually, School Tax: $6,126, Tax Annual Amount: $10,025, Tax Year: 2024
Utilities
Hot Water: Electric
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