16 W 4TH ST, Media, Pennsylvania
16 W 4TH ST, Media, Pennsylvania 19063 - OWNER OCC OR INVESTOR DUPLEX! TWO 1 BR 1BA APTS EA W SOLAR AND LAUNDRIES! Leases have owner Occupancy buyouts built in! Rents $1200 & $1250 or $29400/yr. After expenses units net $21K+ /yr. At $335K w 10% down at 4.5% you can live in 1, rent other w cash out of $675/mo. See investor Spreadsheet in Docs. Convenient to all Media Offers! 2 Well executed low E apts in a twin home on a treelined st. in walkable Media. Brick twin home converted & Grandfathered as 2 apts in 60's: upstairs 700 sq ft up plus 120 sq ft porch & 700 sq ft down plus 512 sq ft bsmt. Split on transfer tax. We settle w our R.E. lawyer, buyer assumes both leases. UPGRADES: 2006, Both porch new rubber roofs, Furnace. 2007: gutted to bricks & layout updated. Tile floors baths & Kitchens. Future Radiant tubing laid in kit, bath & bment flrs & for 2 flr heat panels. 2007 French drain, sump pump, & sump well. Separate meters & Cat 6. Deluxe wire w 3 way switches + bedside light & fan controls. Quality Ceiling fans in ea liv rm & bdrm. Pella windows in kitchens. New locks, doors woodwork railings & hardware. lead abatement. new 2nd flr ikea kitchen w new micro, disposal, dishwash, stove, & fridge. 2008 built up Roof white coating & insulated to R-60. 2009 8 x 10 shed, dual battery back up sump pump. 2011 5.4K Premium Sanyo Solar yields enough for property. 2011 50 gal GE heat pump hot H2O heater uses 1/3 of usual KwH. 2011 outside hose bibs front & rear. 2014 Front yard native plants, Rear yard fenced & gate. 2015 All LED lights. 2016 rain routed to drywell. 2016 Rear yard terraced w sod. 2016 new int paint, Micro, disposal, & Dishwash in 1 flr. 2017 New split ducts w zone valves, new hot water pex manifolds, recoat roof w Acrymax: conveys w 5 yr roof cert. 10 available for more. Was appraised at $278K in 2013 when "Zestimate" was $221K. Pricing based on Market, cap rate, ratios. Owner rehabbed & lived in 1 flr from 2007-2016.
Listing Courtesy of New Trend Realty
“Chris did a terrific job helping me to find just the right home and holding my hand all through the process of buying a home. Chris was always avaiable on the momentary notice to address any issue, large or small; and many times i had to wonder if he ever takes a break. I would recommend Chris for any real estate needs in a heartbeat!!! Thank you The Somers Team!”