11 E MERCER AVE Havertown, PA 19083

Nine Unit Apartment Building in the Llanerch Neighborhood of Haverford Township.  Convenient location close to Chatham Park Elementary School, public transportation, Haverford YMCA, Skatium, Pennsy Trail, Grange Playground / Park, Karakung hiking trails, Haverford Township Library, Chatham Glen Park & many other Township Parks that offer: softball and baseball fields, playground equipment, tennis courts, basketball courts, barbecue and nature areas. Numerous Recreation & Park Programs for everyone. Short distance to Brookline Boulevard that offers many many restaurants, shops and local attractions. Easy access to routes 1, 3 & 476 and less than 30 minutes to Center City, Valley Forge, King of Prussia & the Philadelphia International Airport.
The Original Building was constructed in 1740, the Center of Building added in 1860 & Rear Addition in 1920.  Situated on a large level 150 x 150 lot with detached two car garage / new roofs on building in June, 2021 / new garage siding, capping & overhead doors July, 2021
9 Units consists of 2 Studios, 5 one bedroom and 2 two bedrooms apartments:
1A - 2 Bedroom $1375 month - about 950 sq ft / 5 rooms
1B -  Studio $ 795 month - about 200 sq ft / 2 rooms
1C - 1 Bedroom - $1050 month - about 700 sq ft / 4 rooms
1D -  Studio - $ 975 month - about 375 sq ft / 3 rooms
2A - 1 Bedroom - $1125 month - about 675 sq ft / 4 rooms
2B - 1 Bedroom - $ 925 month - about 475 sq ft / 4 rooms
2C - 1 Bedroom - $ 965 month - about 500 sq ft / 4 rooms
2D - 1 Bedroom - $1150 month - about 690 sq ft / 4 rooms
3A - 2 Bedroom - $1380 month - about 950 sq ft / 5 rooms
All leases are available and can be provided upon request.
1 garage - rented at $120 month
1 garage - owner uses / potential for $120 per month
Plus Laundry Income $125 month
Total Income: $10,105.00 month / 121,260.00 year
Owner Expenses: PECO $320 month / AQUA $179 month / Trash $106 month / Lawn & Snow $160 month / Insurance $443 month / Taxes $843 month / Township rental license $45 month / Maintenance $310 month.
Total expenses: $2406.00  month / $28,872.00 year.
There are separate electric panels and gas meters for each unit.
Heat is common and the heater (gas) was replaced in 2015.
Water is common and there are 2 newer gas hot water heaters in 2018 & 2019.
There are 9 separate storage areas in basement level for tenants and additional storage for the owner.
This attractive  building has been well maintained and family owned for 35 years.  This great income producing and prestigious property is a rare find in today's marketplace and a smart addition any investor's portfolio. This property offers strong cash flow with excellent tenants in place creating a value-add opportunity for a savvy real estate investor.