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All Forum Posts by: Shawn Connors

Shawn Connors has started 786 posts and replied 962 times.

Post: Contract Ready For Assignment in Drexel Hill, Pa! DUPLEX!!

Shawn ConnorsPosted
  • Downingtown, PA
  • Posts 1,000
  • Votes 101

Hey BP,

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- $79,000
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- 9.8%

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. 267-808-0574
*Serious BUYERS only

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

Post: Triplex For Sale in Pottstown, Pa! Value Add Opportunity!!

Shawn ConnorsPosted
  • Downingtown, PA
  • Posts 1,000
  • Votes 101

Hey BP!!

3282 sq ft triplex for sale in Pottstown, Pa. This property is in need of some TLC but would make for a great cash flowing property when rehabbed. It is located directly across the street from a huge redevelopment project called Beech Street Factory..."The Beech Street Factory combines affordable apartments with a community arts center to rejuvenate a forgotten Pottstown landmark. The proposed $12.5 million redevelopment of the vacant Fecera's Furniture warehouse at 341 Beech Street will turn the empty 60,000 space into 43 apartments, lots of resident amenity space, and the 3,000-square-foot new home of ArtFusion, Pottstown's well-known community art school and gallery."

http://artfusion19464.org/about/beech-st-factory/

Purchase Price- $28,000

Estimated Rehab Cost- $100,000 +/-

Estimated Rent- Was previously rented at $1800. With improvements it could rent for up to $2500

Recent Multi Unit Sales:

529 King St, Pottstown, PA 19464 (Triplex) Sold for $105,000

384 South St, Pottstown, PA 19464 (4-Unit) Sold for $127,000

70 N Franklin St, Pottstown, PA 19464 (5-Unit) Sold for $112,000

602 E High St, Pottstown, PA 19464 (6- Unit) Sold for $235,000

226 King St, Pottstown, PA 19464 (Triplex) Sold for $140,000

11 W 3rd St, Pottstown, PA 19464 (Duplex) Sold for $122,000

428 King St, Pottstown, PA 19464 (4-Unit) Sold for $120,000

https://drive.google.com/open?id=0B8GT9qT98LG2M1RLYU83bTZfUzg

***Serious Buyers ONLY***

***No Rent to Own or Owner Financing***

***Must Have Valid Proof of Funds***

***Cash or Hard Money Preferred***

***Please Perform Your Due Diligence***

Post: 9 Unit Portfolio in Pottstown, Pa! 90% Occupied. 460k O.B.O !!!

Shawn ConnorsPosted
  • Downingtown, PA
  • Posts 1,000
  • Votes 101

****INVESTOR ALERT****
I have a 9 unit package deal for sale in Pottstown, Pa. All units are fully occupied and cash flowing. All units have been well maintained and are currently run by a property manager. SERIOUS BUYERS ONLY!!! 3 duplexes and 1 triplex.

Purchase Price- $460,000
Gross Rents- $78,840/year or $6570/month
Monthly Expenses- $2969 or $35,622./year
NOI- $43,218
Cap Rate- 9.4%

Call, text or email Shawn for more information and to set up a view. 267-808-0574
**SERIOUS BUYERS ONLY**
**MUST HAVE PROOF OF FUNDS**
**NO RENT TO OWN**

**NO FINANCING OFFERED**

https://drive.google.com/open?id=0B8GT9qT98LG2MThHS0F3U045ZGs

Post: 9 Unit Portfolio in Pottstown, Pa! 100% OCCUPIED! 460k!!

Shawn ConnorsPosted
  • Downingtown, PA
  • Posts 1,000
  • Votes 101

                                                       ****INVESTOR ALERT****

I have a 9 unit package deal for sale in Pottstown, Pa. All units are fully occupied and cash flowing. All units have been well maintained and are currently run by a property manager. SERIOUS BUYERS ONLY!!! 3 duplexes and 1 triplex.

311 Jefferson Ave, Pottstown, Pa 19464 3 units 2228 sq ft                                                                1st Floor- 2 beds and 1 bath- $595/month                                                                                            1st Floor - 1 bed and 1 bath- $650/month                                                                                            2nd Floor- 1 bed and 1 bath- $600/month

34 King St, Pottstown, Pa 19464 2 units 2472 sq ft                                                                              1st Floor- 2 beds and 1 bath- $725/month                                                                                              2nd Floor- 1 bed with potential for a second bed if loft is finished- $630/month

69 N Charlotte St, Pottstown, Pa 19464 2 units 2466 sq ft                                                                    1st Floor- 2 beds and 1 bath- $750/month                                                                                        2nd Floor- 3 beds and 1 bath- $895/month

452 Chestnut St, Pottstown, Pa 19464 2 units 2683 sq ft                                                                Front- 3 beds and 2 baths- $1000/month                                                                                        Rear- 2 beds and 1 bath- $725/month

__________________________________________________________________________________________

Purchase Price- $460,000

Gross Rents- $78,840/year or $6570/month

Monthly Expenses- $2969 or $35,622./year

NOI- $43,218

Cap Rate- 9.4%

__________________________________________________________________________________________

Call, text or email Shawn for more information and to set up a view.

267-808-0574

[email protected]

**SERIOUS BUYERS ONLY**

**MUST HAVE PROOF OF FUNDS**

**NO RENT TO OWN**

**NO FINANCING OFFERED**

Post: Duplex Contract Ready For Assignment in Drexel Hill, Pa

Shawn ConnorsPosted
  • Downingtown, PA
  • Posts 1,000
  • Votes 101

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- $81,999
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- 9.2%


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!!!!!!!!
 

***267-808-0574***                        ***[email protected]***

Post: 9 Unit Portfolio in Pottstown, Pa! 100% OCCUPIED! 460k!!

Shawn ConnorsPosted
  • Downingtown, PA
  • Posts 1,000
  • Votes 101

****INVESTOR ALERT****

I have a 9 unit package deal for sale in Pottstown, Pa. All units are fully occupied and cash flowing. All units have been well maintained and are currently run by a property manager. SERIOUS BUYERS ONLY!!! 3 duplexes and 1 triplex.

311 Jefferson Ave, Pottstown, Pa 19464 3 units 2228 sq ft                                                                1st Floor- 2 beds and 1 bath- $595/month                                                                                          1st Floor - 1 bed and 1 bath- $650/month                                                                                          2nd Floor- 1 bed and 1 bath- $600/month

34 King St, Pottstown, Pa 19464 2 units 2472 sq ft                                                                           1st Floor- 2 beds and 1 bath- $725/month                                                                                            2nd Floor- 1 bed with potential for a second bed if loft is finished- $630/month

69 N Charlotte St, Pottstown, Pa 19464 2 units 2466 sq ft                                                                  1st Floor- 2 beds and 1 bath- $750/month                                                                                         2nd Floor- 3 beds and 1 bath- $895/month

452 Chestnut St, Pottstown, Pa 19464 2 units 2683 sq ft                                                             Front- 3 beds and 2 baths- $1000/month                                                                                        Rear- 2 beds and 1 bath- $725/month

Purchase Price- $460,000

Gross Rents- $78,840/year or $6570/month

Monthly Expenses- $2969 or $35,622./year

NOI- $43,218

Cap Rate- 9.4%

Call, text or email Shawn for more information and to set up a view.   

267-808-0574

[email protected]

**SERIOUS BUYERS ONLY**

**MUST HAVE PROOF OF FUNDS**

**NO RENT TO OWN**

**NO FINANCING OFFERED**

Post: Question regarding double closings...

Shawn ConnorsPosted
  • Downingtown, PA
  • Posts 1,000
  • Votes 101

Chris, yes you will need to use transactional funding if you double close on a property in PA.  

Post: Beautifully Renovated Row Home in Manayunk, Philadelphia!

Shawn ConnorsPosted
  • Downingtown, PA
  • Posts 1,000
  • Votes 101

Post: Multiple Properties For Sale in Chesco, Montco and Delco, Pa !!

Shawn ConnorsPosted
  • Downingtown, PA
  • Posts 1,000
  • Votes 101

1810 S Creek Rd, Chadds Ford, Pa 19317

5 beds, 1.5 baths, 2852 sq ft Class Chester County Farm House that sits on 2+ acres.
Here is your chance to flip or live in a piece of Chester County history. In front and in back of the home is owned by the Brandywine Conservatory so it will not be developed. The roof, HVAC, Hot Water Heater and Oil Tank have all been replaced in the past 3 years. There is also a large barn on the property that could potentially be turned into an in-law suite or 1 bed apartment.  OWNER WILL BE INSTALLING A NEW SEPTIC SYSTEM!

*This property is in Delaware County so the taxes are lower than Chester County. Also this property is in the flood zone so it needs flood insurance which balances out the taxes.

https://drive.google.com/drive/u/1/folders/0B8GT9q...

Purchase Price- $350,000
Estimated ARV- $460,000-$470,000 or $565,000-$575,000
Estimated Repairs- $40,000-$45,000 or $90,000-$100,000

Recent Farm House Sales:

1325 Creek Rd, West Chester, PA 19382 5 beds, 3.5 baths, 4500 sq ft, 7.5 acres- Sold for $1,745,000

134 Rocky Hill Rd, Chadds Ford, PA 19317 5 beds, 3.5 baths, 3622 sq ft, 5 acres- Sold for $1,345,000
65 Bullock Rd, Chadds Ford, PA 19317 2 beds, 1.5 baths, 1725 sq ft, 2.36 acres- Sold for $395,000

10 Hillendale Rd, Chadds Ford, PA 19317 4 beds, 3.5 baths, 3222 sq ft, 4 acres- Sold for $590,000

1733 Creek Rd, Chadds Ford, PA 19317 (Same Street) 4 beds, 2.5 baths, 1700 sq ft, 2 acres- Pending at $529,900
12 Camly Ln, Chadds Ford, PA 19317 (Contemporary, Farm House Style) 5 beds, 3.5 baths, 3000 sq ft, 2.23 acres- Sold for $638,000

The property is currently owner occupied. Serious buyers only! Must have proof of funds ready. Please contact me for further information @ 267-808-0574

__________________________________________________________________________________________


312 Blanchard Rd, Drexel Hill Pa 19026

3 beds, 3 baths, 1404 Sq Ft, Twin Home, Upper Darby Twp

Purchase Price- $75,000
Estimated Rehab- $25,000-$30,000
Estimated ARV- $125,000-$130,000
Estimated Rent- $1150-$1250

Comps:

4106 Garrett Rd, Drexel Hill, PA 19026 3 beds, 2 baths, 1232 sq ft- Sold for $149,999
4018 Redden Rd, Drexel Hill, PA 19026 3 beds, 1 bath, 1152 sq ft- Sold for $131,000
265 Wilde Ave, Drexel Hill, PA 19026 3 beds, 2 baths, 1260 sq ft- Pending at $142,900
3843 Albemarle Ave, Drexel Hill, PA 19026 4 beds, 2.5 baths, 1637 sq ft- Sold for $129,900
3831 Albemarle Ave, Drexel Hill, PA 19026 4 beds, 1.5 baths, 1641 sq ft- Sold for $149,000
4049 Lasher Rd, Drexel Hill, PA 19026 3 beds, 1.5 baths, 1188 sq ft- Pending at $159,999

https://drive.google.com/drive/u/0/folders/0BwMvoe...

__________________________________________________________________________________________

6 Allen St, Media Pa 19063


3 beds, 1 bath 1080 sq ft, .1 acre lot, Nether Providence Township

Purchase Price- $100,000
Estimated Rehab- $50,000-$80,000 (depending on if you are adding an addition or not)
Estimated ARV- $225,000-$265,000 (Depending on SOW)

Comps:
234 E Lincoln St, Media, PA 19063 4 beds, 2 baths, 1520 sq ft- Sold for $315,000 (Upper Providence Twp)
288 E Jefferson St, Media, PA 19063 3 beds, 1.5 baths, 1145 sq ft- Pending at $315,000 (Media Boro)
433 E Jefferson St, Media, PA 19063 3 beds, 2 baths, 1534 sq ft- Sold for $425,000 (Media Boro)
77 W Rose Valley Rd, Rose Valley, PA 19086 3 beds, 1 bath, 1197 sq ft- Sold for $240,000 (Rose Valley Boro)

https://drive.google.com/drive/folders/0BwMvoepZvU...

_________________________________________________________________________________________________________

521 Gia Cir, Clifton Heights Pa 19018


Purchase Price- $115,000

    Duplex for sale here! Two 2 br 1 bath units and separate garage rental income
    Currently occupied- 1 of the 2br and garage. Apartment brings in $880, garage brings in $220. Vacant unit should get $880 as well, bringing gross income to just under $24k per year!. Expenses including management $7600 yr
    NET INCOME=$16k per year! Who wants to earn 13% on their money??

__________________________________________________________________________________________

39 E La Crosse Ave, Lansdowne, Pa 19050


4 beds, 2 baths, 2128 sq ft, 2 car garage

Purchase Price- $168,900
Gross Annual Income- $22,440
Total Annual Expenses- $6939
NOI- $15,501
Cap Rate- 9.2%

Move in ready duplex in the heart of Lansdowne Boro. This is a great opportunity for an Owner Occupant or an Investor. Both are 2 beds and 1 bath units that have been completely updated within the past 5 years and are in great shape. First floor is currently occupied with the lease ending in the summer. Tenant is paying $920 per month in rent and is currently responsible for paying their own gas and electric. Since the second floor was owner occupied, it has a larger kitchen and better updated bathroom, so this unit has potential for a higher rental income. Second floor unit is vacant and ready for showings, while the first floor unit needs advanced notice for appointments. Pictures Coming Soon!!
https://drive.google.com/drive/folders/0B8GT9qT98L...
https://drive.google.com/drive/folders/0B8GT9qT98L...
__________________________________________________________________________________________

639 Upper Gulph Rd, Wayne, Pa 19087

**Flag Lot for Sale in Wayne, Pa! This lot is located on Upper Gulph Rd in the award winning Tredyffrin School District. Conveniently located near major highways, shopping, recreation and schools. Please verify any requirements for building with Tredyffrin Township, seller makes no warranties This .75 acre parcel has been surveyed but not subdivided. In addition to the flag lot, the entire 1.5 acre parcel may also be for sale for the right offer.

Purchase Price- $450,000
Lot Size- .75 acre (the whole lot is 1.5 acres)
Lot Type- Flag Lot, Unimproved Ground
Pending and Settled New Construction Sales:

201 Strafford Ave, Wayne, PA 19087- 3 beds, 3.5 baths, 3400 sq ft, 2 car garage, .25 acres Pending at $1,190,000
112 Croton Rd, Wayne, PA 19087- 4 beds, 3.5 baths, 4600 sq ft, 2 car garage, .41 acres. Land sold for $435,000, House sold for $950,000
515-517 Old Eagle School Rd, Wayne, PA 19087- 515 is 4 beds, 2.5 baths, 3025 sq ft, 2 car garage- Pending at $776,900 & 517 is 4 beds, 4.5 baths, 3971 sq ft, 2 car garage- Pending at $830,000. Both properties are on .75 acres of land.
432 School Ln, Wayne, PA 19087- 4 beds, 3.5 baths, 3093 sq ft, 2 car garage, .41 acres- Pending at $899,000. Land was purchased for $365,000
220 Berkeley Rd, Devon, PA 19333- 5 beds, 3.5 baths, 4779 sq ft, 3 car garage, 1 acre- Sold for $1,812,011
217 Vassar Cir, Wayne, PA 19087- 4 beds, 2.5 baths, 3117 sq ft, 2 car garage, .44 acres- Land sold for $230,000- House sold for $770,000
339 Old Lancaster Rd, Devon, PA 19333- 4 beds, 4.5 baths, 3408 sq ft, 2 car garage, .26 acres. Sold for $860,000
441 Berwyn Baptist Rd, Berwyn, PA 19312- 5 beds, 3.5 baths, 3800 sq ft, 3 car garage, .45 acres. Land sold for $392,500- House sold for $1,000,000
__________________________________________________________________________________________

326 Beech St, Pottstown, Pa 19464 - 4 beds, 3 baths, 3282 sq ft


We have a 3282 sq ft triplex for sale in Pottstown, Pa. This property is in need of some TLC but would make for a great cash flowing property when rehabbed. It is located directly across the street from a huge redevelopment project called Beech Street Factory..."The Beech Street Factory combines affordable apartments with a community arts center to rejuvenate a forgotten Pottstown landmark. The proposed $12.5 million redevelopment of the vacant Fecera's Furniture warehouse at 341 Beech Street will turn the empty 60,000 space into 43 apartments, lots of resident amenity space, and the 3,000-square-foot new home of ArtFusion, Pottstown's well-known community art school and gallery."
http://artfusion19464.org/about/beech-st-factory/
Purchase Price- $35,000
Estimated Rehab Cost- $110,000-$120,000
Estimated Rent- Was previously rented at $1800. With improvements it could rent for up to $2500
Recent Multi Unit Sales:

529 King St, Pottstown, PA 19464 (Triplex) Sold for $105,000
384 South St, Pottstown, PA 19464 (4-Unit) Sold for $127,000
70 N Franklin St, Pottstown, PA 19464 (5-Unit) Sold for $112,000
602 E High St, Pottstown, PA 19464 (6- Unit) Sold for $235,000
226 King St, Pottstown, PA 19464 (Triplex) Sold for $140,000
11 W 3rd St, Pottstown, PA 19464 (Duplex) Sold for $122,000
428 King St, Pottstown, PA 19464 (4-Unit) Sold for $120,000
***Cash or Hard Money Preferred***
***Please Perform Your Due Diligence***
https://drive.google.com/drive/folders/0B8GT9qT98L...


Call, Text or Email me for more infotmation ... 267-808-0574 [email protected]