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description
173 N Main St,
Souderton,
PA
18964
Four unit apartment building with brick construction, 4 newer gas boilers and washer/dryers in each apartment, 5 updated separate electric boxes. Fully rented with long term tenants. Ample off street private parking lot. Perfect unit mix: 2 first floor apartments with one and two bedrooms each, and 2 second floor apartments with one and three bedrooms each. Strong rental history with below market rents. Yearly income of $48,100 with estimated upside of 25% rental increase. Can be purchased individually or with the brick building next door (167 Main Street) for an 8 unit property! Perfect investment property.Income & Expenses Unit Rent 171 A = $875 171 B = $1395 173 A = $870 173 B = $875 Rent $48,180 ($4,015/ month) Taxes $6924 Insurance $2029
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Listing By: RE/MAX 440 - Pennsburg via Data Source: Bright MLS
listing agent: Donna Maicher