35 W Lincoln Hwy, Penndel, PA 19047

Property Description

This is an exceptional investment opportunity! This duplex features two units with stable, long-term tenants who would love to stay. The first-floor unit is a spacious 2-bedroom, 1-bath with a large master bedroom that includes a walk-in closet and a sitting/desk area. This unit rents for $1,100. The second-floor unit offers a 3-bedroom, 1-bath layout, with one bedroom on the second floor and two on the third. This unit rents for $1,300. Both rents are well below market value. Additionally, the garage was once rented separately, adding to the potential income stream. The property was originally a commercial storefront and was converted to residential living, with the possibility to revert it back to commercial use (buyer to confirm with the township and do own due diligence). Both tenants have been there for a long time and are currently on month-to-month leases. Landlord currently pays gas, water/sewer and tenant pays electric/cable and all other utilities. The seller has completed many of the necessary certifications for Penndel Township's use and occupancy, and clear heater, chimney, and termite certifications are available. The seller is also in the process of completing the sewer certification. This property offers a great opportunity for an investor looking for steady income with room for improvement in rents. **Agent is related to seller**