400 & 402 Cottman St, Jenkintown, PA 19046

Property Description

Turnkey, 5-unit apartment (4 apartments and a 2-car garage) in a prime location of Jenkintown Borough with upside potential, where you could live in one unit while collecting rent and pay the mortgage from the other 3 units and garage!. Except for water, all units have separate heat and separate utilities. Also has coin operated laundry in the basement for extra income. This property has been well maintained over the years, and just recently had a new hot water heater, new front section of the roof, 10-year-old main roof, new powder room in one of the first-floor apartments, and all newer windows throughout. All hardwood floors throughout and original wood trim throughout. The first-floor apartments are 1-bedroom apartments, and the 2nd floor apartments are 2-bedroom apartments on two floors, and the detached garage is a large 2-bay garage. Also, off-street parking for tenants. All long-term tenants that would like to stay are paying well under market rents. Upside potential to bring rents up to current market. Located in downtown Jenkintown Borough and is walking distance to many restaurants and stores. Also, close to routes 611, 73, the PA turnpike, The Maintenance man is willing to continue maintaining the building.