Check out the cap rate on this investment property. This is a great investment in Kennett Borough. Since the first floor tenant just vacated after many years the owner has recently completed numerous updates and maintenance to the units. There have also been many improvements to the exterior and to the grounds. Unit 1 now has a new range freshly painted kitchen cabinets a new range hood a microwave newer windows fresh paint throughout and a finished basement. Some painting on the second unit has also been completed. Some electrical and plumbing work has also been completed. Soffit and Fascia has been completed. Landscaping has been addressed. This property is always rented because it is within walking distance of uptown Kennett Square where many tenants work. It's only a few blocks from the Kennett High School and only a block from the new Kindergarten Center. By the Autumn of 2014 the new Magnolia Station will be built including a new 250 seat Victory Brewing pub/restaurant luxury townhouses and retail stores are being built in Kennett Square.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
