510 S State Street

Newtown, PA 18940

Welcome to 510 S. State St. In the Historic Newtown Boro! This UNIQUE QUADRAPLEX with its wrap-around porch consists of 2 TWO BEDROOM UNITS on the lower level, and 1 ONE BEDROOM UNIT on the upper level. The SEPARATE RANCH style rental next to the main building offers two bedrooms with timber decking & a fenced-in yard. The main house was converted in 1971 into a multi-family rental. Each with its own electric & heating system. Front, rear & ranch style units with new gas furnaces in 2021, upper unit has electric baseboard heating. Roof 2007, newer windows, upgraded electric service panels, cables & meters. ALL RENTS ARE SIGNIFICANTLY BELOW MARKET VALUE for this desirable location that is just a short walk to fabulous restaurants & shopping. The well anticipated Newtown rails to trails is a stone through away. There is an ample-sized private parking lot for all tenants. The tenant's rent includes $80.00 a month towards water & sewer, ALL ON MONTH-TO-MONTH LEASES & all but one unit is occupied at the moment. Tenants pay their own electric & gas. Why not live in one unit and collect rent from the other three! There are two parcels to 510 S. State St; Larger parcel (28-004-014) is in Newtown Borough, taxes approx., $9,737 the smaller parcel (29-010-020-001) is in Newtown Twp. taxes approx. 444.50. Easy access to major commuting routes, Princeton, New York & Philadelphia. All in the Award-winning school district of Council Rock North.