This property is literally, a Cash Cow. The income is about $5,000 per month (and can be as high as almost double that, if it would be totally rented), which makes the property worth about $1,000,000. But the Comps in the neighborhood area do not allow that price tag. Property consists of 114-year old stucco over stone farm house designed to accommodate two families side by side. Currently, both are rental units. A huge bank barn with 11 storage spaces for additional income. A mobile home with full basement currently rented, a large block garage with 3 separate units, cottage, large frame garage, separate frame outbuilding, corn crib, summer kitchen. Lots of potential for rental income from various outbuildings. Currently the rental income is approximately 5000/month. The piece de resistance is the fabulous setting overlooking the backwaters of the Green Lane Reservoir. A large portion of the frontage abuts the Philadelphia Suburban Water Company lands. The property is zone R-1 but is currently a non-conforming property. Subdivision potential. Historic property in beautiful Upper Perkiomen Township. Let the two rental units pay the majority of the mortgage, and enjoy a high-end country lifestyle. This property boasts a mobile home with views of the water, a corn crib, a barn, and farm house. Are you looking for a unique property that has income potential? This farmette property has plenty of room to raise animal, pasture horses, etc.! Modular home with a waterfront view, corn crib, barn, and farm house. Expansive Upper Perkiomen views, great schools districts and year round country living make this property a must see.
Listing courtesy of Cimorelli Real Estate Office.
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