3 lots - one price 2109 and 2111 Chichester Avenue $400K Quad with two 2 car garages Plus spare lot 3 separate contiguous lots Zoned for rentals in Upper Chichester Twp. 1 deeded lot for 2109 (a duplex) with 2 car garage and office 1 deeded lot for 2111 (a duplex) with 2 car garage 1 deeded lot as a separate lot used only for parking Two Separate, Two Car Garages with rear driveway access. 4 - 6 off-street parking spots on spare lot. Monthly Rent per unit, All Good Tenants and all occupied 2 are month to month and 2 are within contract time line 2 BR $1200 with garage 3 BR $1100 without garage 1 BR $ 925 with garage 1 BR $ 725 without garage _______________+___________ $3,950 Monthly Gross $47,400 Annual Gross Income $34,497 NOI 8.7% Cap Rate -3% Annual increases built into all leases. 1/2 are Month to Month. -Built like a fortress. Stone/brick/stucco, recent exterior paint. -Granite Kitchens, Vinyl Windows -Roof is 50-year white silicone. -Separately metered natural gas and electric (paid By tenants). -Modern gas boilers for all units with separate t-stats -Laundry in basement or unit each tenant has own laundry. -(4) 1 year old hot water heaters. -Modern Electrical panels in all 4 units and both garages, all metered separately and paid by tenants. -Water and Sewer are public and paid by Land Lord. -All new vinyl windows (Except porches). -2 new HVAC Heat Pumps. 610-212-9386 if interested. Agents need only contact with a buyer @ 2.5%. I am not interested in listing at this time. Being sold for $400K for all three parcels as one sale.
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