517 Jackson St Reynoldsville, PA 15851
Duplex with all separate utilities
Asking Price: $52,000
Images and all deal info courtesy of Launce Soult
Photos Link
*GIS Map and Floor Plans Included
Apt 1: https://photos.app.goo.gl/WZcbBcgjhLGXKGWj8
Apt 2: https://photos.app.goo.gl/tUjsQ5JsguYth2NL7
Exterior and Basement: https://photos.app.goo.gl/eTGVtdwUTwpK86Xq9
Buy & Hold Overview
Projected at Market Rents
- Gross Rents: $21,600
- Annual NOI: $15,120
- Cap Rate: 18.44% ***20% holdback for Management/Vacancy/Maintenance accounted for
- Cash on Cash Return: 52.4%
- Market Rent (2 bed): $900 EA
- Projected monthly cashflow after all expenses: $823 ***standard mortgage costs accounted for
Highlights
- All utilities are metered separately
- Off Street Parking
- HUD Approved
- $824 projected monthly cashflow after all expenses
- Stabilized 52.4% cash on cash return!
Utilities
- Heat: 2 modern gas furnaces on separate meters
- Electric: 2 modern 100 amp breaker panels in separate meters
- Water/Sewer: 2 separate meters
Property Details
- 2 units: 2 bed 1 bath each
- Currently Vacant
- Square Footage: 1500 SF
- Lot Size: 0.25
- Year Built: 1900
- Zoning: Residential
- Heat: 2 gas forced air furnaces 2016 working contrition. Serviced annually by owner
- Electric: 100 Amp 2014
- Plumbing: mixed
- Water: city / city
- Sewer: city / city
- Roof: Shingle . Age unknown. No leaks
- Foundation: Stone
- Windows: all except 3 are modern. 2014
- Water Heater: 2 electric water heaters. Age unknown. Good working condition.
- Flooring: Mixed
- Flood Zone: No
- Mold Noted: No
- Water Damage: old water stains
- Water in Basement: no
- Taxes: $1200
Comparable Sales
https://www.zillow.com/homedetails/1108-1110-Bowes-Street-Clearfield-PA-16830/2086827156_zpid/
https://www.zillow.com/homedetails/705-707-Elk-Ave-Clearfield-PA-16830/2062740799_zpid/
Contact Us to Schedule a Walkthrough
The Melito & Koch Team
- Launce Soult Direct Line: 814-559-2989
- Launce Soult Email: launce@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures
- ORAL CONSUMER NOTICE:
- The Real Estate Law requires that I provide you with a written notice that describes the various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting I will provide you with a written consumer notice which explains those business relationships and my corresponding duties to you.
- HOLD HARMLESS ACKNOWLEDGEMENT:
- The information contained in this email, including attachments, is confidential and may be legally privileged. It is intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, please notify the sender immediately and delete this email. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. While I strive to provide accurate and up-to-date information, I make no warranties regarding the correctness of the data or the viability of the investment strategies discussed. By using the information provided, you agree to hold harmless Realty ONE Group Supreme, or any other entity related to our relationship- for any reliance on the content of this correspondence. Investment decisions should be made based on your own due diligence and consultation with financial and legal advisors. As a real estate agent, I provide services to assist in purchasing properties and analyzing data; however, the ultimate responsibility for investment decisions lies with the investor.
- DUE DILIGENCE:
- This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.
