TRIPLEX FOR SALE BY OWNER: 605 8th Avenue, Prospect Park, PA 19076 / $334,900. WELCOMING AGENT FOR BUYER / 2% COMMISSION CALL DREW # 484-802-9781/email: palerider54@gmail.com Rare opportunity to own a well-maintained triplex: solid brick residential building, 3 units total totaling approximately 2600 sq. feet. The building contains 3 units.... (2) 2 br units & (1) 1 br unit all occupied by excellent tenants. Easy to rent over the years, conveniently located: near I95, Airport, Blue Route, Train station. Units offer nice kitchens with refrigerators, dinette area, living room, nice size bedroom(s), bathroom, wall unit A/Cs, ceiling fans, ample closet space, gas heat, off-street parking Current under market value rental income is $2800./month. *Note that potential market value of the rental income can be maximized generating an even higher cash flow/cap rate. (Current rental rates are considered lower than the current market value in Prospect Park, PA/Delaware County). Cap rates are currently in the 7% range & have a potential market value cap rate at the 9%+ range. There are also newer coin operated washer & dryer appliances adding approximately $80./month in income located in the utility area of the building. Yearly taxes are $6,800. (2017). Insurance is approximately $950./year. Landlord pays a house Peco bill of approximately 70.00/per month = $840. yearly total. Landlord pays house water bills totaling approximately $65./per month = $780. Landlord pays for trash pick up to Republic Services at $105. per month = $1260. yearly total. *Pls. note the building next door, 609 8th ave, is also for sale by owners (family owned), and we are offering a $649,000. Package price for both buildings.
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.
