Muhlenberg Schools very large Victorian stone & brick 2 unit just rehabbed and is in excellent condition. Unit 1 - 1st floor, 3 rooms, 1 BR, living room, kitchen, bath, electric cooking & hot water, owner is currently paying the electric, new tenant paying $1,000 a month on a one year lease. Unit 2 is the 2nd & 3rd floors, 5 rooms, 3 BRS, living room, kitchen, bath, 2nd floor balcony, electric cooking & hot water, tenants pay electric, currently vacant and ready for an owner occupant or tenant rental. Projected rent $1,400. Owner pays gas heat, water, sewer, trash, recycling. Total annual income: 28,800. Total expenses: 6,525. NOI: 22,275. Cap Rate 12%. Expenses breakdown: Ins: 506. W/S: 1,680. Trash: 560. Owner's Electric: 100. Gas: 1,050. Taxes: 2,529. Permits: 100. Beautiful turn-key investment property perfect for an owner occupant or investor!
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