For full property info visit:www.hnps.net/6331vine.pdfThis big house was legally divided into 4 units and fully renovated. 3 residential and 1 that is licensed for both office space and residential. All units are rented and the house is up to code. Actual 2011 net profit was over 25k, and some years it has netted over 30k (current rent is lower than it could be). I'm very conservative with the expense section in the brochure, so actual returns are higher than shown.This area is in high demand and rent is steady. Some of the tenants have been there for a while now and attracts a mix of locals and students from nearby Drexel and UPenn. In the event of a tenant moving out, new tenants are usually found the very same day that the property is advertised in craigslist.New stores have opened on the block recently and the area is a center for public transportation. You can expect property values to go way up in this neighborhood over the next few years.Extremely low risk investment with steady cash flow and high return rate. This off-market property will probably only last a short time, call Mike at 609-297-7057 with any questions or to schedule a showing.
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.
