Features & Amenities

Interior

  • Other Interior Features

    Open Floorplan

  • Total Bedrooms

    5

  • Bathrooms

    3

  • Above Grade Finished Area

    2558.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Oil, Hot Water

  • Main Level Bedrooms

    2

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Frame

  • Parking

    Driveway

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.29

  • Lot Size(square feet)

    12,741

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Colonial

Price

  • Sales Price

    $499,900

  • Tax Amount

    $4,220

  • Sq. Footage

    2,558

  • Price/SqFt

    $195

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Stone

  • Senior Community YN

    NO

  • Sewer

    Septic Tank

  • Tax Lot

    002-001

  • Water Source

    Well

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Listing Courtesy of Daniel J. Smith , Innovate Real Estate

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Agent Michele Barkman

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Michele Barkman

Call Michele today to schedule a private showing.


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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 2-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 1 st floor unit by creating a laundry room area in the spacious
foyer that connects just off the living room of the 1 st 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 3 rd 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. *This property is also currently listed as a multi-family.*

2211 MILFORD SQUARE PIKE

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