344 Hodgson Street
Oxford,
PA
19363
Property Details
| List Price: |
$950,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Springer Realty Group |
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Description/Comments
| Lot Size: |
-- |
| Property Type: |
Commercial |
| Year Built: |
1880 |
| Notes: |
Income producing property 6 units (5, 1-bedroom units, one studio) and 6 separately rented individual garages. Net operating income of 70K (full financials available to qualified buyers). The property is fully rented with high quality tenants - note that listing photos are from before tenants moved in. Current owners have rehabbed and updated the property for efficient management - making it easy for a new owner to step in and take over. Owners are selling their whole portfolio for a career change. <br />
<br />
Updates and repositioning done by the current owners:<br />
- Put in all new sidewalks and curbs on all 3 streets and new entry apron by the garages<br />
- Repainted the entire house and repaired the soffit and trim<br />
- Renovated apartments 5 and 6 - separated electric and installed mini splits (heat/ac) and new kitchens with granite counters<br />
- Installed a laundry room with coin operated machines and electronic keypad entry<br />
- Put in a trash pad and communal dumpster<br />
- Removed and stumped dead trees<br />
- All units have separate gas/electric<br />
- Tenants pay for water, sewer and trash<br />
- Moved all tenants to online payments <br />
- Increased the rents to market rate<br />
- High quality tenants - must have 650+ credit score and make 3x the rent in verifiable income.<br />
- No pets in building<br />
- No smoking in building<br />
- Annual rent increases are built into all current leases<br />
<br />
Other qualities of the property:<br />
- Main house entry is by electronic key fob only.<br />
- There is a camera surveillance system installed |
| MlsNumber: |
PACT2065166 |
Estimate Your Monthly Payment
| Listing Provided By: |
Springer Realty Group, original listing |
| Name: |
Springer Realty Group |
| Phone: |
(484) 498-4000 |
| Office Name: |
Springer Realty Group |
| Office Phone: |
(484) 498-4000 |
| Agent Name: |
Erin Beattie |
| Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
