369 W BROAD ST Souderton, PA 18964

No more showings. All offers due by Monday, June 28th. Please allow a response date of Wednesday, June 30th. Rarely Offered 8 Unit Value-Add Multifamily Asset In Souderton Borough! Under the same ownership for 25 years, this 8-unit property has been well maintained providing a new owner the ability to implement a cosmetic value-add program. By making several in-unit upgrades, rents can be increased by nearly $400/month/unit or 40% over in-place. Additionally, there is an opportunity to charge for storage and monetize laundry. With a unit mix consisting of all large floorplan 2 bedrooms, this is an incredible opportunity for a value-add investor. Every unit is the same floorplan making for efficient renovation planning. With approximately 900 square feet, each unit consists of a large living room and oversized eat-in kitchen plus a hall bathroom, multiple closets and 2 large bedrooms. Each unit has access to the exterior with a private patio or deck in addition to the main entry. Motion operated security system in place with washer/dryer hookups in the basement for each tenant along with storage space. Annual borough rental inspection recently completed, as well. Tenants pay for their own electric,heat, internet and cable. Owner pays for taxes, water, sewer, lawn service, trash removal and snow removal as well as common electric and light housekeeping services of common areas, amounting to approximately 25k annually. 100% occupancy at $1025/month for $98,400 in rental income annually. No more showings. All offers due by Monday, June 28th. Please allow a response date of Wednesday, June 30th.