Rarely available !! Licensed student rental Duplex in Ardmore, fully leased with great cash flow. 2 student rental licenses from Lower Merion Township transfer with the property. The monthly rent is $3,500 and the property is currently leased through June 2022 and soon will be leased for the following cycle through June 2023. Low taxes and operating expenses. Tenant pays all utilities. Gross annual rents are $42,000 and can be higher based on market rent for students. Income / Expense breakdown is attached. Steady occupancy with no vacancy between tenants. Outstanding opportunity to invest in the growing Ardmore area. Low taxes, Lower Merion Twp.
Listing courtesy of Keller Williams Realty Devon-Wayne.