Attention investors or owner occupied to live in one and rent the other. Pride of ownership shows in this fantastic 2 unit opportunity in Lyons Borough located 3 miles from Kutztown University. Previously converted into 2 twin homes these units have been an income producing property over the past 14 years and updated from the bottom to the top. Including but not limited to: windows, doors, roof, electric, siding, kitchens and baths. Generating an 8.8% cap rate landlord has used as a solid student rental property. Unit A: generates $1280 a month with 4 bedrooms and double staircase. Unit B: generates $960 a month with 3 bedrooms. Both units have generous kitchen, dining room, living room, 1.5 baths and 1st fl laundry. Tenants pay electric which includes heat. Owner pays water/sewer/trash. But wait.....included with this well maintained property is 10 car off street parking, 2 car detached garage and a 1 car detached garage adding to the income portfolio. You won't find a nicer property!
Listing courtesy of RE/MAX Real Estate-Allentown.
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