206 S CHESTNUT ST Ambler, PA 19002

Opportunity is knocking! This Ambler 5 unit has the potential for excellent cashflow. Presently the buildings are empty and awaiting the buyer's desired improvements. The main house consists living room, dining room, family room, eat in kitchen with laundry, 3-4 bedrooms and 1.5 baths. The back building offers 4 apartments. Two of these apartments are 2 bedroom and two apartments are 1 bedroom. The main house needs total renovations, damage to radiators, plumbing and cosmetics. The back building has 4 apartments with new carpet are almost tenant ready. Potential income over $6,000 per month!! When the property was occupied the house tenants paid their gas, electric, water, sewer, trash, snow removal. The apartment tenants paid for electric and heat. The expenses were approximately $11,000/year for taxes, insurance, water, sewer, trash. No maintenance landscaping out front. Conveniently located only a low traffic street only a few blocks to the Septa train station. Close to the Wissahickon Creek walking trail. Low property taxes. Great for investor or owner occupant looking for someone else to pay the mortgage. Bring all offers. Buyer responsible for any borough U&O or rental code required repairs.