$285,000
$289,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
1,340 SqFt
SOLD DATE : 06/20/2024
Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,340 sqft
Price per Sqft $212
MLS Listing ID PAMF2028644
Sold Date 06/20/24
Style Traditional
Abv Grd Liv Area 1,340
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $2,935
Tax Year 2023
Lot Size 7,841 Sqft
Acres 0.18
Lot Dimensions 47.00 x 340.00
Property Description
Nestled in the heart of Downtown Reedsville, this well maintained property presents a rare investment opportunity with multiple income streams. Boasting a versatile layout, the property features a spacious 3-bedroom/2-bathroom house, two charming one-bedroom apartments, and a generous six-car garage.
The house commands a rental income of $925 per month, offering comfortable living spaces and modern amenities. Each one-bedroom apartment is currently leased at $675 per month, providing consistent rental yields. Additionally, the expansive garage, currently utilized by the owners, offers the potential for an additional $400 per month in rental income. Situated in Downtown Reedsville, tenants enjoy easy access to local amenities, churches, parks, restaurants and shops. The property has been well maintained, ensuring a hassle-free ownership experience and attracting quality, long-term tenants.
New owners will benefit from stable rental income and capitalize on the growing demand for rental properties in the vibrant Reedsville community. With strategic upgrades and market trends favoring urban living, there's potential for property appreciation over time. Whether you're a seasoned investor or a first-time buyer, this turnkey property offers a seamless investment opportunity with minimal effort required. Don't miss out on this exceptional investment opportunity in Downtown Reedsville. Schedule a viewing today and secure your foothold in this thriving real estate market! Property is in flood zone. Owner is PA Licensed Real Estate Salesperson.
Location
State PA
County Mifflin
Area Brown Twp (156140)
Zoning RESIDENTIAL
Interior
Interior Features Attic, Breakfast Area, Carpet, Ceiling Fan(s), Dining Area, Formal/Separate Dining Room, Floor Plan - Traditional, Tub Shower, Window Treatments
Hot Water Electric
Heating Baseboard - Electric, Hot Water
Cooling Ceiling Fan(s), Wall Unit, Window Unit(s)
Flooring Carpet, Laminate Plank, Vinyl
Equipment Microwave, Oven/Range - Electric, Refrigerator
Fireplace N
Appliance Microwave, Oven/Range - Electric, Refrigerator
Heat Source Electric, Oil
Exterior
Exterior Feature Porch(es)
Utilities Available Cable TV Available, Phone Available, Water Available
Waterfront N
Water Access N
View Street
Street Surface Paved
Accessibility None
Porch Porch(es)
Road Frontage Boro/Township
Parking Type Alley, On Street
Garage N
Building
Lot Description Level, Rear Yard
Foundation Block, Crawl Space, Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Mifflin County
Others
Tax ID 14 ,15-0523--,000
Ownership Fee Simple
SqFt Source Assessor
Security Features Smoke Detector
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Kristina Bonson • Kissinger, Bigatel & Brower
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "