Investor alert! Close to major arteries (PA Turnpike, Rt 202 and Rt 30 bypass), yet on a quiet, historic treelined street!. Top ranked Downingtown area schools with restaurants, shopping and nightlife within walking distance. Future ownership can step right into this recently updated income producing property from day one. Hardwood flooring throughout, the main floor has an ample living room and kitchen with washer and dryer in both addresses. 814 Whitford has an office off the back of the kitchen area. Upstairs you have a good sized bedroom and full bathroom. Climb another set of stairs to a finished loft/office/playroom. Head outside to an enormous CLEAN two story barn/garage (850sqft) that can be leased separately or tied into the homes rent. New windows, new driveway, 4 brand new Mitsubishi split AC/Heat (2 per side, installed Oct 2018), fresh NEW full exterior paint and new gutters. New investors, live in one side, rent the other. Currently fully leased up at $1445.00/mnth for 812 Whitford and $1405.00/mnth for 814 Whitford. Pro forma barn rents 500/mnth. Ownership expenses currently: 7500k/annual. This property offers a strong 7.5cap return with a proforma cap at 8.2. Sold as is-Buyer must order their U&O. TOURS MUST BE SCHEDULED WITH LISTING AGENT, DRIVE BY IS WELCOMED-PLEASE DO NOT APPROACH TENANTS.
Listing courtesy of BHHS Fox & Roach-Center City Walnut.
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