4 Family apartment building with separate utilities for gas and electric paid by Tenants. There is a rear yard with garage, 2 front porches and an attic. Located 3 blocks off Route 512 in Pen Argyl. Tenants maintain yard and snow removal. There are two 3 bedroom apartments and two 2 bedroom apartments. Long term tenants (2 to 8 years residency) with annual leases. With a net income of $27,621 on a gross income of $36,240 the effective Capitalization Rate is 10.3 %.
Interested parties will show proof of funds and mortgage preapproval prior to showings. Principles only please.