Description
Rarely offered 10 unit mixed used investment property. The 1st floor consists of two commercial store fronts (1-occupied by Dora's bakery and the other by a martial arts studio), Both are very long term tenants. The 2nd and 3rd floors have 8-1 bedroom apartments, each apartment has a living room, a kitchen, 1 bedroom and 1 bathroom having electric self contained baseboard heat, The rents can be increased considerably with giving some attention to this building as the kitchenette's and the bathrooms are older The current rents are as follows: Store #1=$1,275.00/month, from 1/1/24-12/31/24=$1,305.00, Store #2=$900.00/month (February 1st to be increased to $950/month), The apartments have 2 rented at $535/month and $600/month and the remaining at $650/month. 2314 and 2316 Garrett Rd have separate parcel numbers but must be sold together. The annual Real Estate taxes are $26,474.00 and the annual insurance premium is $5,916.00, Peco is $250/mo., Water is $350/mo, the annual Rental Licence fee is $410.00.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Information
Description
Rarely offered 10 unit mixed used investment property. The 1st floor consists of two commercial store fronts (1-occupied by Dora's bakery and the other by a martial arts studio), Both are very long term tenants. The 2nd and 3rd floors have 8-1 bedroom apartments, each apartment has a living room, a kitchen, 1 bedroom and 1 bathroom having electric self contained baseboard heat, The rents can be increased considerably with giving some attention to this building as the kitchenette's and the bathrooms are older The current rents are as follows: Store #1=$1,275.00/month, from 1/1/24-12/31/24=$1,305.00, Store #2=$900.00/month (February 1st to be increased to $950/month), The apartments have 2 rented at $535/month and $600/month and the remaining at $650/month. 2314 and 2316 Garrett Rd have separate parcel numbers but must be sold together. The annual Real Estate taxes are $26,474.00 and the annual insurance premium is $5,916.00, Peco is $250/mo., Water is $350/mo, the annual Rental Licence fee is $410.00.
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