INVESTOR ALERT! RARE OPPORTUNITY - HUGE QUADRUPLEX (4 UNITs) FULLY LEASED TO LONGTERM TENANTS - TURNKEY AND READY TO GO! There are THREE 2 Bed/1Bath Units and ONE 3 Bed/1Bath Unit. Property is located in a quiet neighborhood and a proven and stable income producer. Meticulously maintained by both Landlord and Tenants. Fully occupied to longterm tenants for 15 years, total gross annual rents generate $3,555 per month / $42,660 annually. These rents are undervalued and discounted for stable longterm tenants. Projected rents between $950-$1150 per month for each unit. All units leased through December 2021 with opportunity to renew or vacate tenants at that time.
UNIT 1: 2 BED / 1 BATH / 1008 SQ. FT. / $825 PER MONTH (25 Toth Ave.)
UNIT 2: 2 BED / 1 BATH / 1008 SQ. FT. / $880 PER MONTH (27 Toth Ave.)
UNIT 3: 2 BED / 1 BATH / 1008 SQ. FT. / $950 PER MONTH (29 Toth Ave.)
UNIT 4: 3 BED / 1 BATH / 1150 SQ. FT. / $900 PER MONTH (31 Toth Ave.)
Annual Taxes (2021) $5,226
The property has a HUGE back yard area accessible by each unit and provides additional opportunity to generate income through pet rent and fees. Each unit has a dedicated 2 car driveway and plentiful street parking available. Shared driveway easements with neighboring properties on left and right or building. All units on separate gas/electric meters through PECO. Newer gas furnaces and water heaters replaced in 2008. Some units with upgraded 200 amp main panel electric. Water paid through PA American Water. Trash Paid and reimbursed to Landlord - $120 Bi-monthly. Property insurance in 2020 = $1621. Property located on concrete slab - no basement. Washer/Dryer hookups in each unit, but all washer/dryers are excluded and owned by Tenants. 25-31 Toth Avenue is perfectly situated within walking distance to Coatesville Area Senior High School, Coatesville VA Medical Center, Brandywine Hospital, and business rt. 30. PLEASE VIEW VIDEO WALKTHROUGH TOUR AT THE LINK HERE------> https://youtu.be/4mrczRUYP7k