5206 Morris St

Beautiful well kept three (3) unit building located in West Germantown. Three large one bedroom apartments... All units have been updated and all required licenses and zoning permits are updated yearly with legal 3 family zoning use permits. Have units have been hard wired with smoke, carbon monoxide and fire detection systems and all units are lead dust tested and certified safe each year. The building is well maintained and in excellent condition. Gross yearly rents are $36,996. Expenses for the year (which includes all real estate taxes, building insurance, water/sewer, common electric, PGW-domestic hot water, city trash tax, licenses/fire system certs, and maintenance) totals $10,831 in yearly expenses.
Gross net income is $26,165 or 7.5 % cap rate.
Laundry in basement for tenants. Rear fenced yard. Private entrances. 24 Hour Notice-Listing agent will accompany.