420 Fort Washington Ave, Fort Washington, PA 19034

Property Description

Welcome to 420 Fort Washington Avenue, a well maintained side by side duplex offering a great opportunity for both investors and owner occupants. Each unit has its own private entrance and functional layout, with bright living spaces, updated windows, spacious kitchens, in unit laundry, and finished basement space that adds a lot of flexibility. Unit A is currently occupied through the end of July and generating $2,500 per month, while Unit B is currently vacant, giving the next owner the option to place a new tenant or potentially occupy one side while collecting rent from the other. A lot of the major improvements have already been handled. The roof is approximately 3 years old, both HVAC systems were replaced about 3 years ago, and the windows were replaced approximately 5 years ago. The washer and dryer are also only about 2 to 3 years old, helping reduce some of the larger near term capital expenses. Both basements are finished and have previously been used as additional third bedroom or flex space, giving each unit extra room for an office, guest space, recreation area, or storage. Buyers should independently verify permitted use. The property also features a classic brick exterior, separate front entrances, a driveway with off street parking, and plenty of natural light throughout. With one unit already producing income, one unit currently available, recent major updates, and an estimated 7.5% ROI, 420 Fort Washington Avenue offers a compelling opportunity to add a solid multifamily property to your portfolio.