3000sf property fully renovated into 2 unit apartment rental property. July 15, 2024 completion and rentals available from August 1, 2024.The two rental properties consist of a2 bedroom/2 bath + den first floor apt. of 1510SF, and a 2 bedroom/2 bath + den apartment of 1326SF. Total rentable space is approximately 2863SF. Both units are fully remodeled and have a large beautiful kitchen, cabinets by American Woodmark with solid surface countertop and. a separate island. All appliances (refrigerator, dishwasher, microwave and electric stove) are stainless steel and smart technology compatible withGoogle Assist.Appliances are covered with additional Protection Plan Coverage.Lots of storage and pantry room Two full bathrooms with showers and LTV flooring. Bedrooms are equipped with walk-in closets. Laundry rooms with hook ups and vents.(Washer and dryer can be rented at extra cost.)Common area on first floor provides additional storage space and mail and package storage, remote main entry door access with Google assist technology and 4 security cameras. No more packages left outside, provide mailman with a Common Area Lock Access and store all your packages in a secure place.The property has a new roof, new electrical and plumbing, new decking and balcony, new windows and doors, LVT flooring throughout.Property also has a four car off street parking secured with 24x7 cameras. Heating is electric baseboard. Each apartment equipped with a water heater. New exterior wall insulation and soundproofing between apartments.Good investment opportunities with prop forma Cap Rate of 9% and cash on cash returns of 10.27%. Smart Home by Google Assist can allow a tenant/Owner to control room temperature, door locks, smoke detectorsc camera remotely from your smart phone.
Montrose is located in Pennsylvania. Montrose, Pennsylvania has a population of 1,734. Montrose is less family-centric than the surrounding county with 19.95% of the households containing married families with children. The county average for households married with children is 23.86%.
The median household income in Montrose, Pennsylvania is $47,083. The median household income for the surrounding county is $52,014 compared to the national median of $57,652. The median age of people living in Montrose is 47.9 years.
The average high temperature in July is 78.3 degrees, with an average low temperature in January of 11 degrees. The average rainfall is approximately 42.3 inches per year, with 68.5 inches of snow per year.
