INVESTOR ALERT!! TWO UNIT DUPLEX - TURNKEY AND READY TO GO! WITHIN WALKING DISTANCE TO HEART OF DOWNINGTOWN, AWARD WINNING DOWNINGTOWN SCHOOLS. This home has been recently renovated (2012) and features DUAL ZONE CENTRAL AIR CONDITIONING / GAS HVAC / 6 CAR PARKING / HUGE BACK YARD THAT IS PARTIALLY FENCED. This is an ideal scenario for both the hands off investor, or owner occupant that can live in one unit and rent an additional unit to cover a large portion of the mortgage. Located within walking distance to Downingtown's business district, restaurants, and shopping. Both units have been leased to long term tenants that are quiet working professionals, and are discounted from projected market values. The property has a generously sized rear deck off the 1st floor unit that has additional walkdown access to a long, deep, and beautiful back yard. Partially fenced back yard area accessible by each unit and provides additional opportunity to generate income through pet rent and fees. Shared access to large unfinished basement with endless storage and basement washer dryer. Additional high efficiency washer/dryer located on the second floor. There are two driveways on the property allowing 6 total car parking. This home shows very well and is in very good condition. Showings require a minimum of 24 hour notice and to be conducted between 10:00AM-5:00PM. NEW Heater system, 2 new main panel electric boxes, and 2 new water heaters --all replaced in October 2021. FINANCIAL INFORMATION: -UNIT 1 - (first floor, front entrance): 2 BED / 1 BATH / 1040 SQ. FT. -RENT = $1,100 PER MONTH. -LEASE EXPIRATION: month-to-month with 60 days notice to vacate. -PROJECTED MONTHLY RENT = $1,350 + any applicable pet fees. UNIT 2 - (second floor, left side entrance): 2 BED / 1 BATH / 1040 SQ. FT. -RENT = $1,200 PER MONTH . -LEASE EXPIRATION: Tenant Provided notice to vacate and will be moved out by 11/1/21. -PROJECTED MONTHLY RENT = $1,450 + any applicable pet fees. -TOTAL GROSS INCOME = $2,300 per month / $27,600 annually. -PROJECTED GROSS INCOME = $2,700-$2900 per month / $32,400-$34,800 annually. -TAXES (2021) = $4,121 annually. -UTILITY METERS: Separate gas / electric (PECO) -LANDLORD EXPENSES = water (DMWA) , sewer, trash (Downingtown Boro) --PAID quarterly / homeowners insurance. -TENANTS PAY: gas, electric, cable/internet, lawn maintenance, snow removal -HIGH SCHOOL: Downingtown West HS
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