Investment opportunity!! 2 bedroom 1 bath condo at Lafayette Gardens in Bensalem. Ideal location in Bensalem, just minutes to shopping, I-95, public transportation, and NJ bridges! Unit was gutted due to flood and building was just re-opened. Buyer needs to invest estimated $30,000 and would create a brand new 2BR condo unit. Last tenant was paying $1,350 monthly. Condo fee $242 per month includes water. Tenant pays gas and electric. Taxes approximately $1,500. Solid long-term investment with appreciating rents and property values. Expected investment return 8-10%. Perfect for investor looking to build wealth and create value! Disclosure: Unit is gutted and needs full renovation. Some photos are from last year before it was gutted due to rare flooding. Condo building deemed safe and units being re-opened. Being sold as-is, where-is.
Listed By REDBLOCK Realty Inc.
Listing Office REDBLOCK Realty Inc., 2153315252
Updated 3:21AM - 12/3/2021
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