59-60 RELIANCE CT

Duplex with Identical Floor Plans and Potential for Higher Rental Income. Located in the sought-after Pennridge School District, this duplex presents an exceptional investment opportunity. The property features identical upstairs and downstairs floor plans, making it easy to manage and maintain. Both units are fully occupied, with tenants on month-to-month leases. A 30-day notice is required for vacating, ensuring flexibility for both the landlord and the tenants. Each unit consists of 2 bedrooms and 1 bath, providing comfortable living spaces for the occupants. The second-floor tenant has been a long-term renter, adding stability to the investment. The current rents are below market value, with fully renovated units in the area going for UP to $1900 per unit. This indicates significant potential for higher rental income with appropriate updates and adjustments. The current rents are $925/per unit
The units are in good condition overall, with the 2nd floor flooring needing replacement. The first-floor unit was originally occupied by the owner for many years and underwent renovations about four years ago. These updates contribute to the property's appeal and longevity.

Both units have been equipped with new windows, enhancing energy efficiency and aesthetic appeal. Heat pumps for each unit were replaced in 2018 and serviced in 2024, ensuring reliable heating and cooling for the tenants. The property's maintenance history and recent upgrades add to its attractiveness as a solid investment.

HOA fee is 150/month per unit covering trash 1x week, snow, grounds maintenance , sidewalks and common area. Capital contribution is $1200.