An income-producing multifamily with long-term tenants and under-market rent. Surrounded by brand new construction; within walking distance of Temple University. Current monthly income is $4800/mo (roughly a 9% cap). Plumbing replaced and electrical rewired in past 15 years. Cash buyer preferred. Legally zoned for three (3) residential units and one (1) commercial unit. Commercial tenant is currently a barber shop. Building consists of three (3) studio apartments and two (2) 2 BD apartments. The property has a common entrance with a front door with a common key which all tenants receive. The entire building is wired with a hardwired fire alarm, hardwired smoke detectors, and CO detectors. The common basement has room for bikes and dry storage along with three locked storage rooms; one for each unit. All living rooms and bedrooms are hardwired for cable and internet, and each room has its own thermostat to keep heating costs reasonable. Group showings only. Please contact Brittany Nettles with showing requests and/or more information.
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