Nearby Schools
William PennHigh School
Description
Welcome to your next investment property! With eight rooms and three bathrooms, this rooming house produces $36,000 annually in gross rental income. All leases are month to month. Rooms 1, 3, 5 & 6 produce $425/month each, room 7 rents for $575/month, and floor 2 rents for $725/month. Rooms 2 & 4 are vacant leaving room to increase rental income. Owner pays gas, water and electric. There are 2 common bathrooms, a shower and mini kitchen on the first floor. The property also comes with 657 W Mason Ave which could be rented out for parking spots to generate more rental income. This property is a cash cow with a chance to increase cash flow by getting the parking spaces and 2 vacant rooms rented. Please review the utility sheet to see monthly utility expenses the owner pays. ***Listing agent must accompany any showing as requested by the seller.***
Location
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 23rd September, 2023 3:14 AM (UTC)
