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1214 E 2nd St
Crum Lynne, PA 19022
| Beds: | -- |
|---|---|
| Baths: | 4 |
| Sqft: | 3,224 |
| Lot: | 1,306 sq ft / 0.03 acres |
| Type: | Multi Family |
| Year built: | 1900 |
| Last sold: | Oct 2000 for $20,000 |
| Parking: | -- |
| Cooling: | -- |
| Heating: | |
| Fireplace: | -- |
| On Zillow: | 133 days |
| MLS #: | 5995740 |
| Listing website: | Coldwell Banker Pref... |
Great investment opportunity with a 10.7% CAP rate at asking price. 20 percent Cash-on-Cash Return to potential buyer. Nine unit building with historically maintained 100% occupancy rates, and the seller has achieved a 5 percent increase in rental rates over the past 6 months. Every unit renovated in 2000. Each unit has it's own Circuit Breaker. Additional upside potential in the rents if a new buyer upgrades kitchens, baths and common areas. Property conveniently located within close proximity to local bus routes as well as SEPTA Regional Rail lines. Major employment centers such as Boeing, Philadelphia International Airport and Harrah's Chester area all situated within a few miles of the subject properties. A large portion of the tenant base is drawn from these employers.…More Less
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