830 Garrett Ln

Springfield, PA 19064

Great investment opportunity in Springfield Township that definitely needs work but is priced accordingly! If renovated, this building could easily sell for high 700s. This 4 unit quadplex is situated in a cul-de-sac location close to many major highways and is located in the desirable Springfield School District. Each unit appears to have true hardwood floors throughout and offers 2 bedrooms with larger closets, a full bath, a hall linen closet and nicely sized kitchenette plus entry way coat closet. The units do need a FULL renovation but once done can bring in $1700-1800 a month in rent per unit (see 839 Garrett Lane which very recently rented for $1795 a month), totaling $86,400 in annual rent (at 1800 per month rate). Downstairs is a common storage closet plus individual closets AND storage lockers for tenants. There is also plenty of space and a hook-up for washer and dryer. Currently there is a coin operated washer and dryer but seller is unsure if it is owned or rented and unsure of its condition. It appears the units are individually metered and have separate heaters as well as hot water heaters. It appears that there are wall units for cooling but seller does not know if they are operational. There is some off street parking and some on street parking available. This property is an estate sale and seller is not 100% certain of any information provided regarding the property such as annual costs or even utility information. Buyers should verify all information conveyed in this listing for themselves prior to making an offer. Property is being sold as is with no repairs to be made. Future buyers are responsible for clearing out anything that is at the property as of the listing date and seller will make no additional changes or repairs. Buyer is to be responsible for coordinating, completing and paying for any repairs required by the township for the Use & Occupancy certificate and both of these statements should be noted on any agreement of sale.