153 S Main St, Morrisville, PA 19067

Stately 5 unit Victorian home offers a strong and stable income-producing opportunity within historic Yardley Borough. New waterproofing system in basement with transferable warranty. This investment property provides the ideal location for commuters, nature lovers and those who appreciate classic Victorian architecture. Original period hardware and moldings abound. Only a 5-minute walk puts you at the platform of the Yardley train station (to Philadelphia and West Trenton/Ewing), the Delaware Canal Towpath (voted Pennsylvanias 2022 Trail of the Year), and South Main Street shops currently offering breakfast, lunch, dinner, pharmacy, retail, banking and florist services. Tenants love the location! Each rental unit offers one (1) bedroom, kitchen, full bath and generous living area. Units are situated as follows: two units on the 1st floor, two units on the 2nd floor, and the remaining single unit on the 3rd floor. Utility services feature separate electric meters. Basement offers a washer and dryer. The property includes separate water heaters. Window A/C throughout with an A/C wall unit on the 3rd floor. Large on-site parking provides parking for 10 cars. On street parking is also available. Mature and well-maintained shrubs complete the landscape. Rent roll is $4,720/month (annualized at $56,640/year). Operating expenses (taxes, insurance, utilities, mowing, snow removal, trash, maintenance & cleaning) run approximately $14,663 per year. All 5 leases are up for renewal on June 1st, 2023