Income producing property 6 units (5, 1-bedroom units, one studio) and 6 separately rented individual garages. Net operating income of 70K (full financials available to qualified buyers). The property is fully rented with high quality tenants - note that listing photos are from before tenants moved in. Current owners have rehabbed and updated the property for efficient management - making it easy for a new owner to step in and take over. Owners are selling their whole portfolio for a career change. Updates and repositioning done by the current owners:- Put in all new sidewalks and curbs on all 3 streets and new entry apron by the garages- Repainted the entire house and repaired the soffit and trim- Renovated apartments 5 and 6 - separated electric and installed mini splits (heat/ac) and new kitchens with granite counters- Installed a laundry room with coin operated machines and electronic keypad entry- Put in a trash pad and communal dumpster- Removed and stumped dead trees- All units have separate gas/electric- Tenants pay for water, sewer and trash- Moved all tenants to online payments - Increased the rents to market rate- High quality tenants - must have 650+ credit score and make 3x the rent in verifiable income.- No pets in building- No smoking in building- Annual rent increases are built into all current leases Other qualities of the property:- Main house entry is by electronic key fob only.- There is a camera surveillance system installed
Mls | PACT2065166 |
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Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Year | 1880 |
Days On Site | 222 |
Listing Provided By | Springer Realty Group | Erin Beattie |
Sq Feet | 5,090 |
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Zoning | R40 APT BLDG(S) 4-19 UNIT |
Acreage | 0.40 |
State | PA |
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County | Chester |
City | Oxford |
Zip Code | 19363 |
Area | Oxford Boro |
School District | Oxford Area |
Listing VS Median (in 19363) | |
Price: $950,000 low | high Med: $471,762 SqFt: 5,090 low | high Med: 2,582 $ / SqFt: $187 low | high Med: $200 On Site: 222 low | high Med: 575.000000 |