8755 Crossan Lane

Avondale, PA 19311

Rare 6 unit opportunity in New Garden Twp, Kennett Schools. 7.62% cap rate which includes allowances for cap ex, vacancy and maintenance. Main house features 2 units (upstairs and downstairs) which are oil heat with natural gas hookup stubbed to the side of the house. Main house unit 5 is rented at $1595 per month (2 Bedrooms) with washer and dryer on-site, lease expires April 2022. Main house unit 6 is rented at $1495 per month (2/3 Bedrooms) with washer dryer on-site, lease expires May 2023. Adjacent to the main house is a converted barn which features 4 units. Barn unit 3 is a 1 Bedroom efficiency rented out at $500 per month, lease is month to month. Barn unit 4 is rented at $1295 per month (2 Bedrooms) with washer dryer on-site, lease expires April 2022. Barn unit 2 is a 2 Bedroom, currently under renovation, which will be rented out at $1100 per month. Barn unit 1 is a 2 Bedroom, currently month to month, rented at $650 per month. Barn units all feature natural gas and individual electric meters. Entire site features public water/on-site septic and electric upgrades recently made to the entire property. More details available upon request.