Duplex Ready For Assignment in Drexel Hill, Pa

[Shawn Connors]

Legally zoned and fully rented duplex in Drexel Hill, Pa. This property has been well maintained throughout the years and has never had a problem renting. Both units are 1 bed and 1 bath. There is a basement and each unit is separately metered. The seller has kept up on his rental license for each unit also. No major repairs needed, only minor fixes. First floor tenant will be moving at the end of the month.

Purchase Price- $74,000

Gross Rents- $15,300 or $1275/month ($675-1st Floor; $600- Second Floor) Rents are BMV

Estimated Monthly Expenses- $232 (Water, Insurance, Trash & Sewer)

Taxes- $4953 or $412.74/month

Total Estimated Monthly Expenses- $7737

NOI- $7563

Cap Rate- 10.2%

Comps:

3214 Albemarle Ave, Drexel Hill, PA 19026 1640 sq ft, 2 units, 2 beds and 1 bath each, $1400/month rent- Sold for 125k

3814 Ann St, Drexel Hill, PA 19026 1720 sq ft, 2 units, 2 beds and 1 bath each, $1250/month rent- Sold for 130k

3848 Plumstead Ave, Drexel Hill, PA 19026 1638 sq ft, 2 bes and 1 bath each, Sold for 125k

*Call, text or email me for more info and to set up a time to view the property

*Serious BUYERS only

*NO RENT TO OWN!!!!!!!!

https://drive.google.com/open?id=0B8GT9qT98LG2LWJ1TTUxd1JyRm8