Property Info:

Property is currently used as a sober home for men

Has 12 current clients living there and a house manager and storefront is rented out

House manager pays $400 a month

7 clients are currently paying $500 a month

2 clients are currently paying $560 a month

2 clients are currently paying $580 a month

Rent combined from sober home: $6,180

Storefront is also rented out for $475 a month

Total rent combined a month: $6,655

Total yearly rent: $79,860

Property has 3 kitchens, 1 on each floor

2nd and 3rd floors having living rooms

2nd and 3rd floors both have units where sober home living clients stay

1st floor has storefront and 1 apartment where sober home clients stay

2nd and 3rd floor both have a Central HVAC system

Commercial hot water heater

Appliances are all fairly new

No major issues with plumbing, electrical, foundation, etc.

Taxes and Expenses:

Seller currently pays all utilities in the storefront

Employees are all volunteer

School taxes are $2,500 a year

Sewer basin $135 every 3 months

About $1200 in other yearly taxes

Water is around $200 a month

UGI gas is $250 a month

Electric is about $500 a month

Insurance is $150 a month