122 Penn Ave
Overview
This Hatfield Borough 4 unit offers a lucrative investment opportunity generating over $71,750 per year. This property includes (1) Four Bedroom Cape Cod Home, (2) Three bedroom units, and (1) Five bedroom unit. The Cape Cod style home that faces Penn Ave was the original home, while the 3 units were added in 2008/2009. All units are currently rented. The property includes a large 9 car paved parking area for tenants as well as on street parking. Each unit has it's own designated storage area, and a pay for laundry access in the basement. All units are in good to excellent condition and many tenants have been long term. Unit A is a 4 bedroom Cape Cod is rented by 4 individuals all with separate leases totaling $2350 per month. (owner pays these additional utilities on this unit only. Average monthly bills - Electric is $150 - Oil is $140). Unit B is a first floor 3 Bed/ 1.5 Bath unit and rents for $1125/month. (all electric and paid by tenant). Unit C is a first floor 3 Bed / 1 Bath unit and rents for $995/month. (all electric and paid by tenant). Unit D is a 2nd floor 5 Bedroom / 2 Full Bath unit and rents for $1495/month. (all electric and paid by tenant). The following items are avg. monthly costs paid by the owner and cover the total 4 units. Water $82 - Sewer $134 - Trash $82 - Insurance $263 - Taxes $580 - Maintenance/Repairs $480. Some of the current rents are below current market value. Schedule a showing today!
Details
General
- Type
- Multi-family
- Square footage
- 5,234 sq. ft.
- Lot size
- 0.39 acre lot
- Year built
- 1937
- Pool
- No
- Parking spaces
- 9
Listing information
- MLS #
- PAMC2010126
- Listing provided by
- Timothy Dimmick, RE/MAX Reliance
- Attribution Contact
- +12672172856
- Status
- Sold
Location
- County
- MONTGOMERY
- Address
- 122 Penn Ave, Hatfield, PA 19440