FIX N FLIP OPPORTUNITY OR CASH FLOW OVER 18% CAP RATE

Lebanon County, Palmyra, PA, 17078
Sold
Listed at: April 29th, 2024
Price
$134,500
ARV
$180,000
Gross Margin
$45,500
Sq. Footage
1100
Type
Semi-detached
Parking
Detached Garage
Year build
1940
Lot size
0.08 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
1
Summary

Property Details 🏚️

  • 🏠 Location: Palmyra PA, Lebanon County
  • Property Type: Semi-Detached SFH
  • Detached Garage
  • Built Year: 1940
  • Taxes: $2,691
  • School District: Palmyra Area
  • Lot Size: .08 acre
  • Interior Space: 1,100 Sqft
  • Bedrooms: 3
  • Bathrooms: 1.5
  • Investment Opportunity:
    • Ideal for 1st Time Home Buyers
    • Ideal for real estate investors 💼
    • Great Flip 📈
    • Great For a buy and hold rental
  • Property Condition:
    • Rehab Level: Needs light Rehab $10-15,000 (work will be completed prior to closing with adjusted price) 
    • Electrical Panel: Good Condition ⚡
    • Heating System: Original
    • Water Heater: Original 💧
    • Electric: Good💡
    • Foundation: Good🏗️
    • Roof: Original 🏠
    • Occupancy: VACANT🚪 
  •  PRO-FORMA
    • Projected income $2,345/mo
    • Projected NOI $25,349
    • Projected Cap Rate: 18.77
  •  COMPS:      
    • 717 N Railroad St, Palmyra, PA 17078            SOLD $187,000
    • 153 N Chestnut St Palmyra, PA 17078            SOLD $180,000

**Short Term Financing is available to qualified buyers (by our preferred Private Lender) If all documenrs can be submitted within 48 hours and qualified you can close in 14 days ($395.00 processing fee will be applied to the purchase price)

 

***AGENTS BRING YOUR BUYERS FOR A $2,000 FLAT FEE. (Agents please ask to get on our buyers list and get updates on new inventory on weekly basis. We add 4-5 new properties weekly!!!

 

***DISCLAIMER: As-is sale. Seller/Assignor makes no warranties. Assignable contract of equitable title. 

Buyer to pay all closing costs, escrow/title fees.

Buyer to perform their own due diligence prior to assignment.

A purchase and sale agreement with memorandum has been signed with the Seller giving Asset First the exclusive right to purchase said property.

We are NOT brokers, do not represent the seller and do not represent ourselves as such.

DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.  Any unauthorized contact with the seller will be considered intentional interference with a Contract.

By receving this property infromation via email, text, you are agreeing to pay damages of $75,000 to the contract holder if you attempt to circumvent or intentionally interfere with this Contract.

**WE DO NOT GIVE THE RIGHT TO MARKET THIS PROPERTY WITHOUT WRITTEN CONSENT!!!

 

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Michael Pid

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Disposition manager