Incredible opportunity to own a multi-unit property that is fully rented in Lower Merion. Properties like this rarely come on the market. All three units have updated kitchens and have been fully rented consistently since the property was purchased. Garage is also rented for additional income. (Garage being sold in "as is" condition.)
First floor unit is a three bedroom, two bath unit that has two extra space for an office or play room. This unit is currently rented but could be an owners unit with income on the top two floors. The first floor has its own entrance while the two additional units share a common door on the side. First floor also has direct access to the basement for storage and laundry as well as access to the driveway for off street parking. Second and third floor apartments are both two bedroom, one bath apartments. There is a shared washer and dryer in the basement that is accessible from rear basement door. Landlord pays for water, snow removal and lawn care and tenants pay for electric and heat. This property is on a great residential street with mostly single family homes. It is close to parks, shopping and transportation. Tenants benefit from the Lower Merion schools too.
Unit 1 - monthly rent - $2,100. Lease ends 8/31/2022
Unit 2 - monthly rent - $1,800. Lease ends 7/31/2022
Unit 3 - monthly rent - $1,300. Lease ends 5/31/2022
(all three units have tenants for more than one year)
Garage - monthly rent - $175. Month to month lease with same tenant for over 7 years.
Because the property is fully rented, there will be three open houses to facilitate viewing the entire property. Any other showings will require at least 24 hour notice,
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Courtesy of: Compass RE 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: 18th January, 2022 7:47 AM