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Apartment Building with Garages
170 N. Main St. Dublin, PA.
$750,000.00
General
Price: $750,000
Multi Family
No. Units: 8
Duplex/Triplex/Fourplex
Investment
Real Estate Taxes: $7700.00
Assessment: $50,800.00
Multiple
99' x 379'
Description
Roof on garages is 4 years old, Roof on Main building is 9 years old.
Heaters are 4 years old Plumbing is 5 years old.
New 400 amp service .
New Windows
Any asbestos has been removed
6 apartment leases on 60 day automatic renewable lease. 6 tenants have been there at least 2-5 years.
2 tenants are on one year leases expiring around August.
Unit #2 kitchen remodeled.
Property is located approximately 3 miles northwest of Doylestown.
Offering price: $750,000.00
Owner financing available with 20% down for qualified buyer.

Financial Summary
Revenues
Rental Income
Unit 1 - 2 Bedroom Apt.
 
$825.00
Unit 2 - 2 Bedroom Apt.
 
$895.00
Unit 3 - 2 Bedroom Apt.
 
$825.00
Unit 4 - 2 Bedroom Apt.
 
$850.00
Unit 5 - 1 Bedroom Apt.
 
$625.00
Unit 6 - 2 Bedroom Apt.
 
$850.00
Unit 7 - 1 Bedroom Apt.
 
$700.00
Unit 8 - 1 Bedroom Apt.
 
$800.00
   
Garage #1 - Addit. paid w/ unit #2
 
$40.00
Garage #2 - Addit. paid w/ unit #6
 
$35.00
Garage # 3
 
$65.00
Garage #4
 
$70.00
Garage #5 - Incl. w/ Unit #3
Im exchange for Maintenance work
 
$00.00
Garage #6 - #8
Owners use.
 
$00.00
 
Total Current Monthly Revenue
$6580.00
Total Current Annual Revenue
$78,960.00
     
Expenses    
Water & Sewer
$4100.00
Propane Heat
$6700.00
Electric (common areas)
$778.00
Real Estate Taxes
$7700.00
Insurance
$4033.00
Trash
$1500.00
Management Fees (owner managed)
$00.00
Maint., Clean, Paint,
Snow removal, misc.
$1000.00
Total Expenses
$25,811.00
Cash Flow Before Debt Service
$53,149.00
Return on Investment
53,149
750,000
= 7.1 % under current occupancy
Return on Investment at Full Occupancy
56509
750,000
= 7.5%  (5 Garages @ $70.00 per     month addit, incl.)


M. Riccardi Agency, Inc. Licensed PA & NJ
Michael Riccardi, PA, EA, ATA, Real Estate Broker
Oxford Square, 390 Middletown Blvd. Suite #612
Langhorne, PA. 19047
215-752-4200 (Telephone)
215-752-4207 (Fax)
cornellplace@comcast.net
We are a full service real estate and business brokerage specializing in the needs of investors and business owners for investment and commercial real estate along with assisting residential buyers and sellers. Our office provides obtaining financing for all types of real estate and business purchase and refinance needs.
We also are a public accounting firm providing full time accounting and tax services.


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For Immediate assistance or for more information on our listings or services,
Call: 215-752-4200 or email us at: cornellplace@comcast.net