Welcome to 510 S. State St. In the Historic Newtown Boro! This UNIQUE QUADRAPLEX with its wrap-around porch consists of 2 TWO BEDROOM UNITS on the lower level, and 1 ONE BEDROOM UNIT on the upper level. The SEPARATE RANCH style rental next to the main building offers two bedrooms with timber decking & a fenced-in yard. The main house was converted in 1971 into a multi-family rental. Each with its own electric & heating system. Front, rear & ranch style units with new gas furnaces in 2021, upper unit has electric baseboard heating. Roof 2007, newer windows, upgraded electric service panels, cables & meters. ALL RENTS ARE SIGNIFICANTLY BELOW MARKET VALUE for this desirable location that is just a short walk to fabulous restaurants & shopping. The well anticipated Newtown rails to trails is a stone through away. There is an ample-sized private parking lot for all tenants. The tenant's rent includes $80.00 a month towards water & sewer, ALL ON MONTH-TO-MONTH LEASES & all but one unit is occupied at the moment. Tenants pay their own electric & gas. Why not live in one unit and collect rent from the other three! There are two parcels to 510 S. State St; Larger parcel (28-004-014) is in Newtown Borough, taxes approx., $9,737 the smaller parcel (29-010-020-001) is in Newtown Twp. taxes approx. 444.50. Easy access to major commuting routes, Princeton, New York & Philadelphia. All in the Award-winning school district of Council Rock North.
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.
