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4 Unit Investment Property in Wilson Borough - 12% Cap

1537-1539 Butler St, Wilson Borough, Pennsylvania 18042-4717

$280,000

2 Units Are Occupied Generating $1653 a Month in Rent.
2 Units Are Vacant and Completely Renovated to Bring in an Additional $2200 a Month
The 2 Vacant Units Have ALL Utilities Separated!
DETAILS
7

Beds

4

Baths

3,904SF

Living

1890

Built

3,904 SF

Total Area

5393/yr

Taxes

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Jennifer de Jesus
Great investment opportunity in Wilson Borough!
Large 4 unit features 1-One bedroom apartments, 3-Two bedroom apartments, and off-street parking. Tenants pay electric, owner pays water/sewer/garbage and heat (for 1539 only). 1539 Butler has a newer gas furnace and both units are occupied. Both units in 1537 Butler are vacant & have been completed renovated.

1537 Butler - 1st Floor: 2 bedroom/1 bathroom - $1100/mo [Vacant]
1537 Butler - 2nd Floor: 2 bedroom/1 bathroom - $1100/mo [Vacant]
1539 Butler -

"4 parking spaces, 1 included for each unit"

1st Floor: 1 bedroom/1 bathroom - $770/mo
1539 Butler - 1st Floor: 2 bedroom/1 bathroom - $883/mo

Trash/Sewer: $1680 [Owner pays]
Electric: $600 [Owner pays for electric on furnaces]
Heat: $1,800 – [Owner pays - 1539 Only]
Water: $1,800 Water Only - [Owner pays]
Insurance: $1,500
Gross Inc: $46,236 Net Inc: $33,463 Operate Exp: $12,773

STEEL ABSTRACT (www.SteelAbstract.com) has all title information prepared and can close on this deal in 24 hours.

*Proforma numbers on Vacant renovated units

Great corner lot ready to make you an 12% cap!

- Emanuel de Jesus

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The neighborhood: Easton

Quaint city known for its colonial buildings, canal boats, and arts scene.