$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
Waterfront N
Water Access N
Roof Type Metal
Accessibility 2+ Access Exits
Parking Type On Street
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Kimberly M Mills • Coldwell Banker Realty