STARTING PRICE: $219,000

ARV: $310,000

THIS PROPERTY MUST BE CLOSED NO LATER THAN 6/29/2024. TITLE SEARCH HAS BEEN COMPLETED

Discover an exceptional opportunity with this 2-unit duplex in Ephrata, PA. Boasting excellent long-term and short-term rental potential, this duplex is perfect for savvy investors.

PROPERTY DETAILS

• Location: Ephrata, PA
• Property Type: 2 unit side-by-side duplex
• Built Year: 1910
• Taxes: $4,076
• School District: Ephrata Area School District
• Lot Size: 4,792 sqft (0.11 acres)
• Interior Space: 2,248 sqft 
• Unit 1: 3bd/1ba (1,124 sqft)
• Unit 2: 3bd/1ba (1,124 sqft)
• Detached 2-Car Garage
• Rehab Level: $18,000-$20,000
• Electrical: 2 - 100-amp service panels
• Heating System: Oil Furnace Radiant Heat (1 Furnace)
• Water Heater: 2 Electric Water Heaters, Might need to be replaced
• Foundation: Good
• Roof: Shingles, Good
• Occupancy: Tenant Occupied

DEAL DETAILS

• Purchase Price: $219,000
• ARV: $310,000
• Rehab Estimate: $10,000-$15,000
• Unit 1
• Current Rent: $550/mo 
• Projected Rent: $1,750/mo
• Unit 2
• Current Rent: $700/mo 
• Projected Rent: $1,750/mo)
• Garage
• Current Rent: $75/mo
• Projected $150/mo each
• Closing Date: 06/29/2024
• Closing Costs: Paid by Buyer
• EMD Amount: $10,000
• Access: Schedule with me

COMPS

• AS-IS: 145 N State St Ephrata, PA 17522
• Sold for $280,000 (0.4 miles / Same School District)
  
  
• RETAIL: 1408 W Main St Ephrata, PA 17522
• Sold for $310,000 (1.8 miles/ Same School District)

LTR PRO-FORMA

• Total Current Income: $1,325/mo
• Total Projected Income: $3,800/mo
• Total Projected GAI (Gross Annual Income): $45,600
• SOURCE: Rentometer Analysis

Do not miss out on this opportunity!

For any inquiries or assistance regarding this deal:

Call/Text Olga at (717) 470-3139

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

📣 AGENTS are welcomed. (Agents, please ask to get on our buyers list and get updates on new inventory on a weekly basis. We add 4-5 new properties weekly!)

Nearby Attractions & Amenities:

• Ephrata Cloister  - A fascinating historical site featuring unique architecture and a rich history of the 18th-century religious community. Guided and self-guided tours available.
• The Green Dragon Farmers Market - One of the largest farmers markets in the area, offering fresh produce, local crafts, and unique goods every Friday.

Invest in this 2-unit duplex and enjoy the benefits of a prime location, minimal rehab needs, and strong rental potential. Don’t miss out on this fantastic opportunity to own or invest in a property that promises profitability! 🏡💼

WHY WORK WITH EQUITY DEALS?

Here are just a few reasons why buying an investment from Equity Deals is a smart business decision:

• 🛠️ Transparency: Clear details on property condition, rehab budget, and comps.
• 💰 Short-Term Financing: Available for pre-qualified buyers through our preferred lender.
• 🌟 VIP Buyer Status: Get exclusive access to every deal before it hits the market.
• 💼 4.5% Commission: Sell the property post-rehab with our preferred agent and receive full marketing services.
• 📊 Pro-Forma LTR and STR: Projected long-term and short-term rental performance.
• 🏠 Comps and ARV Provided: Access to projected comparable sales and after-repair value.
• 📈 Appreciation Ideas: We provide strategies to force appreciation and maximize ROI.
• 🔄 Smooth Transactions: Enjoy extremely smooth and hassle-free transactions.

⚠️ DISCLAIMER ⚠️

💵 Cash, Hard Money, or Private Money only. The property is sold in “AS-IS” condition.
❌ Seller/Assignor makes no warranties.
🔄 Contract of equitable title is assignable.
💼 Buyer pays all closing costs, escrow fees, and transfer tax.
📑 Open escrow with a $10,000 non-refundable earnest deposit to our title company of choice.
🔍 Buyer must perform their own due diligence prior to assignment and hold seller harmless.
🛡️ A purchase and sale agreement with memorandum has been signed with the Seller, giving Asset First the exclusive right to purchase the property.
✅ Buyer to verify all information as seller makes no claims or warranties, expressed or implied.

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

ADDITIONAL NOTICE

NONE of the information above is deemed accurate and is for informational purposes only. The seller and its members or representatives make no guarantees concerning property condition, value, characteristics, or financial benefits.

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 receiving this property information via email or 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.

🚫 ATTENTION WHOLESALERS: We do not give the right to market this property without written consent.

PLEASE REACH OUT TO DISCUSS JOINT VENTURE (JV) OPPORTUNITIES!

For escalations or urgent matters:

Call/Text Michael at (717) 470-3137