400 S Main Street

Wether you are looking to add to your rental portfolio or purchase a multi family home to live in this Spring City triplex offers lots of possibilities. Heres a breakdown of the features and potential benefits of this triplex. The main level consists of an updated 1 bedroom apartment in the front and a large efficiency unit in the rear. Unit 1 is conveniently vacant and ready to be rented by the new owner.Projected rent is current condition is $1,200. Unit 2 is leased month to month for $575. Projected rent in the present condition is $1,000. Upstairs on the second and third floor is the owners unit, unit 3. This space consists of high ceilings and large rooms. Living room, dining room, kitchen, full bathroom. The third floor has two bedrooms plus an open loft space great for a home office. Projected month rent in the current condition is $1,500. With strategic improvements rents could higher. The first floor units have electric baseboard heat. The upper levels have a new gas furnace. The basement is accessed from outside and has laundry hookups and a secured storage space. Replacement windows throughout the 1st and 2nd floor. New gas water heater shared by the 3 units. Water, sewer and trash paid by landlord. Tenants pay for electric and heat. (Furnace presently on house meter and laundry presently on upstairs account). Convenient location with easy access to Main Street shops, major routes, the Schuylkill River Trail, Spring-Ford Schools and much more. The owner would like to lease his apartment a few months to find suitable housing. Landlord Expenses: Water $817/yr. Sewer $1,265/yr. Trash $900/yr.