217 White Ave - Apartments FOR SALE


Linwood, PA 19061
$565,000 USD
484-557-2137
217 White Ave, Linwood, PA for Sale
$565,000 USD
Apartments - FOR SALE
1/42
null | 8.6% Cap Rate

217 White Ave
Linwood, PA 19061


OVERVIEW

Show me the money! Are you looking to generate steady cash flow? This property, located in a residential neighborhood, presents as an excellent investment opportunity. This updated multiplex is a 5-Unit building, with a detached garage, and wonderful large lot. This building has separate entrances for ALL units, including 3 one-bedroom, and 2 two-bedroom units. Unit A (1 Bedroom) -$1,100, Unit B (1 Bedroom) -$1,200, Unit C (1 Bedroom) - $1,100, Unit D (2 Bedroom) - $1000. Unit E (2 Bedroom) $1,450. Unit C has separate baseboard heat that is paid through their electric bill. All other units have gas heat, which is paid by owner. Owner also pays water, and hot water for all units. There is a common area, coin-operated washer and dryer on the premises. Gross Income $70,200. Taxes $10,289, Insurance $2,000, Maintenance $3,940, Utilities $5,356, total expenses $ 21,585 with a net operating income of $48,615. This property has many upgrades and long terms tenants. Serious inquiries only. For lending purposes, please be aware that this property is considered "commercial" because it is a 5-unit building, although it is located in a residential neighborhood. This also means that there is no property disclosure. (please note that utility and water costs can fluctuate, and should be expected to rise, like everything else!) Listing Office

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

5

PRICE/UNIT

$113,000

CAP RATE

8.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,786 SF

ZONING

residential

APN/PARCEL ID

08-00-01195-00

ASK ABOUT THIS PROPERTY

Sue OlshefskiBHHS Fox & Roach RealtorsMore Info
484-557-2137

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Sue OlshefskiBHHS Fox & Roach RealtorsMore Info
484-557-2137

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.