Rarely offered 10 unit mixed used investment property. The 1st floor consists of two commercial store fronts (1-occupied by Dora’s bakery and the other is vacant), The 2nd and 3rd floors have 8-1 bedroom apartments, each apartment has a living room, a kitchen, 1 bedroom and 1 bathroom having electric self contained baseboard heat, The rents can be increased considerably with giving some attention to this building as the kitchenette’s and the bathrooms are older The below market current rents are as follows:
UNIT RENT EXPIRATION
2314 Store $1305 12/31/24
2314 3FR $675 7/31/24
2314 2FR $725 4/30/25
2314 2FF $650 4/30/25
2314 3FF $635 4/30/25
2316 Store Vacant
2316 2FF $795 4/30/25
2316 2FR Vacant
2316 3FF $675 7/31/24
2316 3FR $675 7/31/24
2314 and 2316 Garrett Rd have separate parcel numbers but must be sold together.
The annual Real Estate taxes are $26,474.00 and the annual insurance premium is $5,916.00, PECO is $250/mo., Water is $350/mo, the annual Rental Licence fee is $410.00.