3446 Penn Ave

Sinking Spring, PA 19608

Wilson Schools large brick semi-detached fully occupied 2 unit in the Borough of Sinking Spring with tenant paid utilities. 2 newer separate gas furnaces. 2 electric water heaters. 200 AMP electric main with 2 - 100 AMP breaker panels. Central Air for unit 2 is not working. Basement is divided in 2 and accessible by both units. Off street parking for 2 plus cars. Covered front porch. Rear patio. Fire escape. Longterm tenants. Unit 1 - 1st floor has 4 rooms, 2 BRS, living room, kitchen, bath. electric cooking. Rented for 735 a month by a 4 year tenant on a M/M basis. Unit 2 - 2nd & 3rd floor has 5 rooms, 3 BRS, living room, kitchen, bath, electric cooking, rented for 750 a month by a 5 year tenant on a M/M basis. Annual income: $17,820. Total Expenses: $6250. NOI: $11,570. Cap Rate: 7%. Expenses breakdown: Taxes: $2595. Insurance: $537. W/S: $2700. Trash: $318. Permits: $100. The property needs work but has a ton of potential. Rare 2 unit in Wilson Schools with commercial possibilities on the Ave. Close to major roads, schools, shopping and medical facilities. Being sold AS IS.