Show me the money! This property, located in a residential neighborhood, presents as an excellent investment opportunity. This updated multiplex is a 5-Unit building, with a detached garage, and wonderful large lot. This building has separate entrances for ALL units, including 3 one-bedroom, and 2 two-bedroom units. Unit A (1 Bedroom) -$1,100, Unit B (1 Bedroom) -$1,000, Unit C (1 Bedroom) - $1,000, Unit D (2 Bedroom) - $900. Unit E (2 Bedroom) $1,450. Unit C has separate baseboard heat that is paid through their electric bill. All other units have gas heat, which is paid by owner. Owner also pays water, and hot water for all units. There is a common area, coin-operated washer and dryer on the premises. Gross Income $65,400. Taxes $10,289, Insurance $2,000, Maintenance $3,940, Utilities $5,356, total expenses $ 21,585 with a net operating income of $43,815. This property has many upgrades and long terms tenants. Serious inquiries only. For lending purposes, please be aware that this property is considered "commercial" because it is a 5-unit building. This also means that there is no property disclosure.
Linwood is located in Pennsylvania. Linwood, Pennsylvania has a population of 3,083. Linwood is less family-centric than the surrounding county with 7.47% of the households containing married families with children. The county average for households married with children is 30.31%.
The median household income in Linwood, Pennsylvania is $68,657. The median household income for the surrounding county is $80,398 compared to the national median of $69,021. The median age of people living in Linwood is 36.8 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 26 degrees. The average rainfall is approximately 43.2 inches per year, with 13.2 inches of snow per year.
