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Drew Borstein of Springer Realty Group added a new listing for sale at 241 West 3rd Avenue in Conshohocken. For additional details, click here.
An awesome investment opportunity has become available in the heart of Conshohocken Borough. This large detached duplex will become a standout portfolio investment for a sound investor or owner occupant alike. Two large units with large shared lower level space sit on one of the better lots on a very quiet street surrounded by pride in ownership and new construction. Duplexs and multi-units are becoming hard to come by in the Conshohocken Market and for obvious reasons, growth potential and localized redevelopment...get in now. Unit one consists of 3 bedrooms with tons of storage, a huge kitchen, and a very bright and spacious living room which leads to a huge two tiered deck and massive rear fenced in yard. The second and Third floors make up a large 2 bedroom unit with a great kitchen and open concept living. The lower level houses the split mechanicals, shared storage, and shared laundry hook ups. Currently the 2nd floor 2 bedroom unit is rented by a long term tenant that pays $1050 / month and the larger 3 bedroom lower unit was recently vacated but that tenant was paying $1250.... as is both of these rental figures are/were below current market rates, but with some updating of the units both rents could be substantially higher. This property is ready to go, but could benefit form some updating to make it an even stronger investment long term, with the right vision and updates the property will produce excellent cash flow. The location of this property towards the end of a very quiet street also happens to be a very quick walk to all that Conshohocken offers... entertainment, shopping, local events, and amazing commuting options. There is tons of off street parking which your tenants will appreciate and there is room to expand the living spaces if your imagination takes the property in that direction. Each units utilities are already separated and have been paid for by the tenants in the past. 241 w 3rd Avenue is a strong investment in an ever growing market come take a look and appreciate this potential portfolio addition.