$185,000
$197,500
6.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
2,070 SqFt
SOLD DATE : 05/15/2024
Key Details
Sold Price $185,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,070 sqft
Price per Sqft $89
Subdivision None Available
MLS Listing ID PAFL2018112
Sold Date 05/15/24
Style Colonial
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 2,070
Originating Board BRIGHT
Year Built 1937
Annual Tax Amount $1,376
Tax Year 2022
Lot Size 3,485 Sqft
Acres 0.08
Property Description
Welcome to 210 Wayne Ave, a remarkable 2-unit duplex nestled in an enviable location in Waynesboro, offering panoramic views of the charming town below. This vacant property is primed for immediate re-leasing, promising an attractive estimated rent of $1,300 per month for each unit. Boasting a true duplex design, all utilities, including water and sewer, are separately metered, ensuring tenants cover all utility expenses, enhancing the appeal for potential investors. The property is turn-key, ready to welcome tenants and start generating income without delay. An accompanying profit report reveals an impressive 10.2% Cap rate and a 14.4% cash on cash return, assuming conventional financing with 25% down, accounting for management fees, vacancy rates, taxes, insurance, and capital expenditures. For those considering self-management, the potential for increased cash flow is significant. An enticing aspect of this property is the opportunity for 'house hacking': living in one unit while renting the other could dramatically reduce living expenses, offering financial freedom and an investment in your future. Detailed projections for this scenario are available in a second report included with the listing. Flexible financing options are available, including FHA and USDA 0% down financing, making this an accessible investment for a wide range of buyers. Don't miss the chance to own this exceptional property, where convenience, potential, and financial savvy meet.
Location
State PA
County Franklin
Area 1-1 (1-1)
Zoning R008
Rooms
Basement Full
Interior
Interior Features Attic, Breakfast Area, Floor Plan - Traditional
Hot Water Electric, Oil
Heating Baseboard - Hot Water, Baseboard - Electric
Cooling Window Unit(s)
Flooring Carpet, Ceramic Tile, Hardwood, Vinyl
Fireplace N
Heat Source Other
Exterior
Utilities Available Cable TV, Electric Available, Phone Available, Sewer Available, Water Available
Water Access N
Roof Type Metal
Accessibility 2+ Access Exits
Garage N
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,Paneled Walls,Plaster Walls
New Construction N
Schools
High Schools Waynesboro Area Senior
School District Waynesboro Area
Others
Pets Allowed N
Senior Community No
Tax ID 25-5B57.-064.-000000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, USDA, VA
Listing Terms Cash, Conventional, FHA, USDA, VA
Financing Cash,Conventional,FHA,USDA,VA
Special Listing Condition Standard
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Bought with Kimberly M Mills • Coldwell Banker Realty