INVESTOR OPPORTUNITY Duplex in Gloucester City. Both units of this Duplex are currently Tenant occupied. Each unit is 1 Bedroom/1 Bathroom with a Living Room and Kitchen. Each Tenant pays own Heat, Gas and Electric. Each unit is metered separately. The Landlord pays the Water, Sewer and Property Taxes. There are 2 Heaters and 2 Hot Water Heaters (one for each unit). The 1st Floor Tenant has access to the Basement. There is a common portico-type entry shared by both Tenants. The private doors to their individual units are inside the front entry portico. The property is being sold in completely "as is condition" which is reflected in the List Price. The property does need a good deal of TLC and updating. The Seller will do no repairs. This is not for a timid investor, but for one prepared to do updating and renovation for future prospective tenants. As a result, the Seller is not entertaining any financed offers that would condition repairs be done to the property in order for the Buyer to obtain financing. The property is best suited for a Cash Buyer or an Investor using Commercial financing that would NOT require repairs prior to closing. Both Tenants are paying below market rent prices. With future renovation, the rent prices could easily be increased for new prospective tenants. Floor plans are attached to the listing and available to view. Showing days/times will be limited. Inquire with Listing Agent.
