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Bradley J Bygall
Lime House
717-840-1355
Exceptional Investment Opportunity: Multi-Unit Property with Strong Rental History Discover a lucrative investment in this well-maintained multi-unit property, strategically positioned to yield impressive returns. Comprising three 2-bedroom units and one 3-bedroom unit, this income-generating asset is a prime example of enduring value in the real estate market. Key Features: First Floor Excellence: The first floor boasts two 2-bedroom units leased under the Section 8 program at a competitive rate of $650/month. Tenants are responsible for all utilities, ensuring a hassle-free investment experience. Second Floor Charm: The second floor offers a 3-bedroom unit, also under Section 8, with tenants contributing $650/month towards rent and covering utilities independently. Lower Level Luxury: A spacious 2-bedroom unit on the lower level, leased under Section 8 for $850/month, provides a higher rental income while maintaining the convenience of tenant-paid utilities. Detached House with Garage: The rear detached house, featuring an attached garage, is currently leased for $650/month. The potential for increased rental income, especially by separately renting the garage, opens the door to maximizing returns (potentially $1,000/month). Income Potential: This property not only presents a solid financial foundation but also offers room for growth. Cosmetic updates, such as painting and refinishing floors, have the potential to enhance monthly income by an additional $1,000. Strategic Location: Situated in an area with a demonstrated demand for Section 8 housing, this investment is well-positioned for stability and growth. The ability to increase rents annually, backed by guaranteed government subsidizing as outlined in the leases, further secures the long-term profitability of this asset. Tenant Loyalty: Several tenants have been part of this community since 2009, attesting to the property's appeal and the landlord's commitment to tenant satisfaction. Don't miss out on this rare opportunity to acquire a multi-unit property with a proven track record and significant potential for increased returns. Contact us today to schedule a viewing and explore the possibilities of this outstanding investment.
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Water Source : Public
Roof : Unknown
Basement Description: Combination
Unknown
Cooling: None
Heating: Energy Star Heating System
Cooling Fuel: None
Heating Fuel: Oil,Electric
Year Built: 1955
Structure: Detached
New Construction: No
Total Units: 4
Built: 1955
Construction Material: Brick
Roof: Unknown
Foundation/Basement: Block
Architecture: Traditional
Pool/Private: No Pool
Roof Type: Unknown
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 4,356
Lot Size (Acres): 0.10
Architectural Style: Traditional
Main Square Feet: 4,356
SQ ft: 0
SQ ft (Living Area): 0
Total Lot SQ ft: 4,356
Financing: Cash,Conventional
Total Acreage: 0.10
New Construction: No
Type: Traditional
Possession: Settlement
Days Of Market: 58
Annual Tax: $2,934
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement
Taxes Assessment Amount: $34,340
Total Parking Spaces: 2
Parking Type: Attached Garage
Has Garage: Y
Garage Type: Garage - Rear Entry
Garage Space: 2
# of Attached Garage Spaces: 2
Acceptable Financing: Cash,Conventional
Roof: Unknown
Direction: As per GPS
School District: NORTH SCHUYLKILL
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: None
Heating Fuel: Oil,Electric
Hot Water: Electric
Direction: As per GPS
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
322 W Main Street , Girardville, PA,17935 | $25,000 | 2 | 1.0 | -- | 1742 Sqft |
322 W Main Street , Girardville, PA,17935 | $24,900 | 2 | 1.0 | -- | 1742 Sqft |
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ByOwner last updated this listing 04/28/2024 @ 02:22
MLS: PASK2013854
LISTED BY: Bradley J Bygall , Lime House
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.25%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.