LISTING HAS SOLD

5003 Grand Ave
Neville Twp, PA 15225

$444,900

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Property Description

This is an excellent cash flowing 9 unit property in the heart of Neville Island. The property has seen many upgrades over the last 3 yrs including, all new windows, all new siding, some new roofing, new main water heater, significant plumbing upgrades, updated common areas (lighting, flooring, paint), new laundry room with coin op washer dryer (just installed). Ownership has completed 1 full unit turn (lighting, flooring, kitchen, bath, deck, paint, outlets/switches, etc.) and a 2nd turn should be completed by Nov 1st. Many of the tenants are long term and there is further room for improvement in those units. Unit mix = One 2Br, Six 1 Br, 2 Studios. Financials shows are from the past year and are actuals, not estimates. Utility breakdown available upon request. Off street parking for 3-4 vehicles in the rear, bus stop right in front of the property. This is your opportunity to own a cash flowing 9 unit building that has had excellent occupancy and further upside potential!

Township Neville Twp
MLS ID 1472870
Property type: MUL
Status
Estimated Taxes $3,402

Additional Information

Owner's P & L

Gross Annual Income: $60,300

Vacancy Percentage: 5%

Net Operation Income: $35,048

Estimate Annual Taxes: $3,402

Aproximate Lot Size

0.1306

Status