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.
Courtesy of: Beiler-Campbell Realtors-Kennett Square Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 20th September, 2021 1:07 AM