πŸ’₯🏑 High Rent Brick Duplex Opportunity 🏑πŸ’₯ in Duncannon, PA

Perry County, Duncannon, PA, 17020
Sold
Listed at: March 6th, 2023
Price
$119,900
ARV
$235,000
Gross Margin
$115,100
Sq. Footage
2160
Type
Multifamily
Parking
Off street
Year build
1900
Lot size
0.34 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

πŸ“Œ Address: 42 High St. Duncannon, PA, 17020


PLEASE READ:

  • No wholesalers or daisy chains
  • Verbal offer required to inspect
  • POF required to inspect
  • Cash offers only
  • Terms below are non-negotiable


🏠 Multifamily (One 2B 1BA unit, One 1B 1BA Studio)

πŸ›Œ 3 beds

πŸ›€ 2 bath

✨ 2,160 sq ft

🧱 Built: 1900

πŸ‘¨β€πŸ‘©β€πŸ‘§ Current Occupancy: Vacant

πŸ‘©β€πŸ‘§β€πŸ‘¦ Occupancy at Close: Vacant

πŸ’Έ Ask Price: $119,900

πŸ’£ Market Rent: Total = $1,750+

πŸ’£ 2B 1BA = $1,000+, 1B 1BA = $750+

πŸ”¨ Repairs: $55,000 - $65,000 depending on exit strategy

 

🌟 More Info 🌟

  • Old 4-Story schoolhouse (3 bricks thick) that the seller has been gradually working on
  • Roof - did some work 10 years ago (Put in new soffit, fascia, and gutters)
  • New 18 (90 x40) windows a couple of years ago
  • New PEX lines and a New water pump and tank in it
  • All new wiring and new drywall on the 1st floor
  • Sanded the floors down.
  • Seller redid the kitchen but left it open (Still needs cabinets)
  • The upstairs has a bedroom, bathroom, and closet built
  • The other side of the building has a studio apartment.
  • There's also a deck on it.
  • Gas propane heat, there's also baseboard but it isn't hooked up
  • Unfinished stone basement, with an oil furnace, and hot water heater.
  • Big lot, the vacant side is buildable.
  • Access to public sewer, but water source is a well.
  • 2 separate electric for upstairs and downstairs.


❗❗❗ Please Note: The below terms are NON-NEGOTIABLE. Bowen Capital is a professional disposition company that will enforce the below terms and conditions. If they do not work for you or your company, please do not offer on this deal and move on!

  • $5,000 Non-Refundable EMD to be wired to our preferred title company/atty within 24 hours of signing the assignment/PSA. 
  • Buyer to pay all closing costs, seller to pay prorated taxes and transfer prorated rent/security deposit if applicable
  • All offers must be cash, hard money, or private money.
  • Closing to be with Bowen’s Preferred Attorney
  • Wholesalers / Agents are not to market this deal without Bowen’s permission.
  • At this time we are not open to JV’ing this property
  • Agents please add your commission ON TOP of our asking price.
  • DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving Bowen Capital exclusive rights to purchase the property. Bowen Capital does not represent the owner. We are NOT brokers 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.


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

Chris Prophater

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Disposition manager