INCOME PRODUCING PROPERTY
April 6, 2017
Sold Price: 200,000
12 Washington Lane, Coatesville, PA 19320
THURSDAY, APRIL 6, 2017 at 4:00 PM. Two 1 1/2 Story Houses, Detached 2 Car Garage and Heated Shop on 1.24 Acres. This income producing property has a lot to offer!! The property contains two similar houses, each 1 1/2 stories, stucco exterior, covered front porch, enclosed rear porch w/laundry hook-ups, kitchen, living room, 2 bedrooms and a full bath on the main level, upper level bedroom, and full basement with oil hot water heat and public water and sewer. A paved driveway separates the two homes with a detached 20’ x 20’ two car garage in the middle. To the back of the property is a 32’ x 44’ heated shop with bathroom and an attached 10’ x 14’ storage shed that serves as an office. The shop has 200 amp service, oil heat, and a half ton overhead crane. The 1.24 acres is flat and mostly open with a few large shade trees, building area, and paved drive with extra parking areas.
This property is currently producing an annual income of almost $21,000 (both house rentals) with potential of $27,000 with shop rental.
Taxes: $6,118. Open House: Saturday, March 18, 25 & April 1 (1-3 pm) or anytime by apt. call 610-286-5183.
Terms: 10% down day of sale; settlement within 45 days of sale. Attorneys: Hudson L. Voltz and Nicholas T. Gard. Terms By: James Reel, Priscilla Reel and the Estate of Roma Reel, Roxanne Reel, Executrix.
