3959 Brownsville Road Feasterville Trevose, PA 19053
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Very rare opportunity to buy a Quadruplex in Feastevrille Trevose PA. South after neighborhood in Bensalem school district and great demand for rental properties. The property consist of two Commerical buildings: Legal 4 unit residence 3500 sq ft (all 1 bdr units) and 2500 sq ft garage/warehouse/workshop.The property features: - all units feature recent cosmetic updates within last 5 years - all good paying tenants with mo/mo leases (rent under market value) - central air in each unit ; w/d in each unit - Current gross rent $45,600 (under market value) - rents 900, 900, 900,1100. Garage is owner occupied - Projected market rent ($1300-1400/per unit plus $2500-3000 for a garage) $97,200 Gross income - Expenses: $5,176; Water/sewer: $3000; Insurance: $3000, Maint/repairs: $4800 - Projected Net Income $81,224 - Projected Cap Rate 10% This is a value add opportunity in the great neighborhood with low housing inventory and very high rental demand! Lots of potential with great returns. SHOWING SATURDAY MAY 13TH - contact for the time
| 3 hours ago | Listing updated with changes from the MLS | |
| 2 weeks ago | Price changed to $699,000 | |
| 4 weeks ago | Listing first seen online |
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