This investment property is a money maker!!! All three units are separately metered for electric. Tenants pay their own heat, cooking and electricity. Owner currently pays for cold & hot water, house electric and sewer. This property has been well maintained by the current owner who resides on the first floor. House highlights include a new main roof 2020, replacement windows on the second floor, various electric & plumbing updates, hardwood floors on all three levels and laundry facilities in the basement. Located within a short walk to downtown Narberth, the train station, numerous shops and restaurants, a first run movie theater, library and Borough Park. Unit #1- 2 bedrooms, den, dining room, kitchen. full bath, rear screened in porch- owner occupied until March 31, 2021 should rent for $1800-$2000 per month. Unit #2- 2 bedrooms, full bath, large living room, kitchen- just vacated was paying$1450 per month. Unit #3- 1 bedroom, small bedroom or den, full bath, large living room, kitchen- just vacated and was paying $1250 per month. Expenses- Insurance $2,000, water/sewer $1,200, House Electric $1,560 Projected Annual Income- $54,000, Operating Expenses- $17, 632 Net Operating Income $36,368 ** All Income & Expense figures are a combination of actual & estimated figures.
Listing courtesy of Compass RE. Selling Office: .