2211 Milford Square Pike Quakertown, PA 18951

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 unitand have the other help offset your mortgage! The upstairs 2-bedroom, 2 full bath unit iscurrently 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 marketrent, creating significant upside for the next owner. The property was extensivelyrenovated in 2017, including a new roof, new windows, and a complete renovation ofthe second-floor unit. The second floor has laundry connection, while you can easilyconnect laundry for the 1 st floor unit by creating a laundry room area in the spaciousfoyer that connects just off the living room of the 1 st floor. Tenants are responsible forheat, electric, while the owner pays trash, water and sewer. The first-floor unit features acovered rear porch entrance, hardwood floors, a farmhouse-style kitchen, spaciousliving and dining areas, two bedrooms with ample closet space, and a full bath. Theupstairs unit offers hardwood flooring, an updated kitchen and two bedrooms and fullbathrooms; one on the 2 nd floor and another on the 3 rd floor. With an estimated currentmarket rents of approximately $3,600/month in potential gross rental income, thisproperty offers attractive cash-flow potential and a projected cap rate of nearly 8%based on the current investment assumptions. The dedicated parking lot addsconvenience for both units. Appropriately located near the PA Turnpike, St. Luke'sHospital, Routes 663, 309 and 313. Whether you're looking to build your rental portfolioor occupy one unit while generating rental income from the other, this property offers anexcellent combination of location, flexibility and upside potential!Please do not disturb the tenant or access the property without a confirmedappointment. *This property is also currently listed as a multi-family.*