TWO RENTAL UNITS FOR THE PRICE OF 0NE! Section 8 approved area, formally rented via HUD HAP SECTION 8, common rents in the area appear to be around $1,000 per unit, offering a high Capitalization Rate. Solid Brick property with an upper porch offering Mardi Gras essence. Convenient on-street parking in front, off-street parking in the back, and a 1 car garage. Separate electrical meters and circuit breaker panels, and separate newer electric water heaters, plus 2 separate clothes washer & dryer hookups in the basement (install coin-op appliances if additional revenue is desired). Convenient to the new proposed Train Station and exciting new Downtown Revitalization, existing conveniences and entertainment abound within walking distance, convenient access to major roadways and Public Transportation. Available for immediate possession (this IS NOT a Short Sale). Bank Owned: AS-IS; Where IS; Cash Only (no financing contingencies); This property will need some work and paint prior to occupancy; The buyer is responsible for the $100 Coatesville City U&O application & inspection, plus scheduling of the onsite inspection; the buyer is responsible for correcting violations identified on the U&O Inspection Report (generally the buyer has 60 days after settlement to make repairs if the property is occupied, or if vacant, the buyer can generally take as much time as desired until the property is ready for occupancy). Subject purchase transaction IS NOT Contingent on the U&O Inspection Results ? the property is AS-IS. Property Inspections are permitted prior to submitting an Agreement of Sale (AOS), but an AOS containing elected Inspection Contingencies will not be accepted (inspections must be performed prior to submitting AOS); All sales are final, no warranties or guaranties; $5,000 minimum Good Faith Deposit required when submitting an AOS. All marketing information provided within this publication, including the number of suitable bedrooms, is based on visual observation and is not guaranteed, all provided information should be independently verified.
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