About 2211 Milford Square Pike
Great opportunity for an investor or owner-occupant! This well-maintained two-unit property offers immediate income potential along with the flexibility to live in one unit
and have the other help offset your mortgage! The upstairs 3-bedroom, 2 full bath unit is
currently vacant and ready for an owner-occupant or new tenant, while the first-floor 2-
bedroom, 1-bath unit is currently occupied by a long-term tenant paying $1,000/month,
providing an excellent opportunity to increase rental income to current market levels.
The first-floor unit is believed to be capable of approximately $1,500/month in market
rent, creating significant upside for the next owner. The property was extensively
renovated in 2017, including a new roof, new windows, and a complete renovation of
the second-floor unit. The second floor has laundry connection, while you can easily
connect laundry for the 1st floor unit by creating a laundry room area in the spacious
foyer that connects just off the living room of the 1st floor. Tenants are responsible for
heat, electric, while the owner pays trash, water and sewer. The first-floor unit features a
covered rear porch entrance, hardwood floors, a farmhouse-style kitchen, spacious
living and dining areas, two bedrooms with ample closet space, and a full bath. The
upstairs unit offers hardwood flooring, an updated kitchen and two bedrooms and full
bathrooms; one on the 2 nd floor and another on the 3rd floor. With an estimated current
market rents of approximately $3,600/month in potential gross rental income, this
property offers attractive cash-flow potential and a projected cap rate of nearly 8%
based on the current investment assumptions. The dedicated parking lot adds
convenience for both units. Appropriately located near the PA Turnpike, St. Luke's
Hospital, Routes 663, 309 and 313. Whether you're looking to build your rental portfolio
or occupy one unit while generating rental income from the other, this property offers an
excellent combination of location, flexibility and upside potential!
Please do not disturb the tenant or access the property without a confirmed
appointment.
