524 Macdade

Collingdale, PA 19023

BUY WITH CONFIDENCE! This Triplex was professionally rehabbed in 2017, with updated electric and new service panels for each unit, new plumbing and hot water heaters for each unit, new fixtures and stoves for each unit, new baseboard heat throughout, completely painted ceilings, walls, trim, floor, and exterior fire escape. In 2019, 2 split unit ductless A/C units were installed on the 1st floor, roof was coated, new tub surrounds and fixtures installed in units and in Sept 2021 the sewer line was completely replaced from house to main. There are hardwood floors throughout and the tenants pay their own utilities. All of the work has been done and the building is completely occupied with zero vacancies during ownership. This is a turn-key investment, with paying, long-term tenants that has amazing cash-flow right out of the gate. The seller has a list of all the rehab, up-grade work, and a complete list of all monthly expenses. The yearly rents currently bring in $28,650 a year and the leases are due for rent increases. With the new rent growth, the current rents are well below market value. Triplexes are hard to come by and this one is an amazing investment and in great condition. There is a laundromat and eateries directly across the street and it is right by public transportation, as well. It has proven to be a great location for renters and will not last long.