3959 Brownsville Rd
Feasterville Trevose, PA 19053
$699,000
Description
3959 Brownsville Rd,
Feasterville Trevose,
PA
19053
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
Listing By: ROI National Realty Corp via Data Source: Bright MLS
2761082-PABU2048852
MLS ID
Price HistoryView all +
| date | price | variance | type |
|---|
| 6/12/2023 | $699,000 | - | Contract |
| 6/12/2023 | $699,000 | - | Contract |
| 6/5/2023 | $699,000 | - | Contract |
| 6/5/2023 | $699,000 | - | Contract |
| 5/17/2023 | $699,000 | 6.80 % | decreased |
| 5/4/2023 | $750,000 | - | Listed |
listing agent: Ksenia Shusman
