605 8th Ave, Prospect Park, PA 19076

TRIPLEX FOR SALE BY OWNER: 605 8th Avenue, Prospect Park, PA 19076 / $334,900. WELCOMING AGENT FOR BUYER / 2% COMMISSION CALL DREW # 484-802-9781/email: palerider54@gmail.com Rare opportunity to own a well-maintained triplex: solid brick residential building, 3 units total totaling approximately 2600 sq. feet. The building contains 3 units.... (2) 2 br units & (1) 1 br unit all occupied by excellent tenants. Easy to rent over the years, conveniently located: near I95, Airport, Blue Route, Train station. Units offer nice kitchens with refrigerators, dinette area, living room, nice size bedroom(s), bathroom, wall unit A/Cs, ceiling fans, ample closet space, gas heat, off-street parking Current under market value rental income is $2800./month. *Note that potential market value of the rental income can be maximized generating an even higher cash flow/cap rate. (Current rental rates are considered lower than the current market value in Prospect Park, PA/Delaware County). Cap rates are currently in the 7% range & have a potential market value cap rate at the 9%+ range. There are also newer coin operated washer & dryer appliances adding approximately $80./month in income located in the utility area of the building. Yearly taxes are $6,800. (2017). Insurance is approximately $950./year. Landlord pays a house Peco bill of approximately 70.00/per month = $840. yearly total. Landlord pays house water bills totaling approximately $65./per month = $780. Landlord pays for trash pick up to Republic Services at $105. per month = $1260. yearly total. *Pls. note the building next door, 609 8th ave, is also for sale by owners (family owned), and we are offering a $649,000. Package price for both buildings.