366 Main Street

Tullytown PA 19007

2852 sq. ft.

3740 sq. ft.

Duplex

Currently for sale - view listing

Overview

Great investment opportunity in the award-winning Pennsbury School District! Fully occupied and income-producing quadruplex featuring 4 residential units plus a 2-car garage with separate entrances and strong rental history. Property consists of (1) 3-bedroom unit with central air and washer/dryer, and (3) 1-bedroom units. Several updates throughout the property including new flooring and fresh paint in the top unit. Current gross annual income: approximately $69,600/year Estimated annual taxes: $3,361 Insurance: approximately $1,800/year Water & sewer: approximately $1,400/year Estimated NOI (Net Operating Income): approximately $63,039/year Estimated cap rate at asking price: approximately 8.64% Tenants pay gas heat, electric, and cable. Landlord currently pays water, sewer, taxes and insurance. Conveniently located near shopping, dining, major highways, and public transportation, making this a rare investment opportunity in Lower Bucks County. Showings will take place Sunday, 05/31 from 12:00 PM – 3:00 PM only. Please do not disturb the tenants.Pre-approval or proof of funds required prior to scheduling.