207 E South Ave, Glenolden, PA 19036

Great investment opportunity! This property has 7 units of cash flow. 3 Units plus 4 garages! Minutes away from Wilmington/Newark Septa Line and not far to the Media/Elwyn Septa Line. A New Roof and New Gas Fired Heater(s) installed in 2019. Effective gross income is $36,320, but at market value could be $44,300. Net Operating Income is $22,365 could be $30,345. The current cap rate is 6.5% but could be 8.0% at market value. Cash flow is $7,580 could be $14,050 at market value. Cash on cash is currently 8.8% could be 15%. Garage 1- month-to-month lease --- $175/month \ Garage 2- Month-to-month lease--- $200/month Garage 3- Month to Month lease --- $175/month Garage 4 - leased until 6/30/2021--- $200/month Rent has not been materially raised in 10 years.