Asking: $85,000
Two Deeds! Package Deal!
9 & 11 N 6th St. Sunbury, PA 17801
Images and all deal info courtesy of Lenny Wyda
Photos Link :
*GIS Map and Floor Plans Included
9 N 6th St. https://photos.app.goo.gl/3KKP6Ap3W6S4oKRf7
11 N 6th St. https://photos.app.goo.gl/Cwq97Fe33ZURjzbr5
Buy & Hold Overview
Projected
- Gross Rents: $26,400
- Annual NOI: $14,866
- Projected Cap Rate: 9.01%
- Projected Cash on Cash Return: 12.79%
- ARV (After Repair Value): $165,000
Highlights
- 2 New Furnaces
- 2 separate deeds
- House Hack opportunity
Utilities
- Heat: Paid by tenants ( 2 separate new oil furnaces each side)
- Electric: Paid by tenants (Metered Seperate)
- Water/Sewer: Paid by Landlord (One bill for both) Numbers calculated with water either sub metered or billed using the RUBS system. If not, need to split the waterline into street and pay the city $800 connection fee + cost for connection from street into unit.
- Trash: Paid by Landlord
Property Details:
- Two addresses, two deeds
- Square Footage: 2,482 Total
- Lot Size: 1,683 sqft
- Year Built: 1909
- Zoning: R – Residential (each side)
- Foundation – Stone, Brick
- Water: Public (1 line for both properties)
- Sewer: Public (1 sewer line for each property)
- Garage: N/A
- Flood Zone: The property is located in Zone X (minimal flood hazard), meaning federal law does not mandate flood insurance.
- Mold Noted: No
- Water Damage: 2nd floor bath in 11 n 6th (right side) from old plumbing leak
- Water in Basement: Some water that will right from 11 N 6th (right side) into sump pump on 9 N 6th (left side)
- Notes: No off street parking. If renting, the landlord would need to apply for a variance due to the need of 2 parking spots per unit. The city said paid parking meter spots or public lots would be the most likely solution from variance hearing. This does not apply for owner occupied units
| 9 North 6th Street |
11 North 6th Street
|
|---|---|
| Bed: 3 | Bed: 3 |
| Bath: 1.5 | Bath: 1 |
| Sqft: 1,216 | Sqft: 1,216 |
| Heat: New Oil Furnace | Heat: New Oil Furnace |
| Plumbing: Copper, PVC | Plumbing: Copper, PVC |
| Electrical: New Square D Panel, some knob and tube still active in house, unsure of where. | Electrical: Cutler-Hammer Panel, some knob and tube still active in house, unsure of where. |
| Roof: Slate (needs new) | Roof: Slate (needs new) |
| Windows: Needs 3 | Windows: Needs 8-10 |
| Flooring: Carpet / Linoleum | Flooring: Hardwood |
| Water Heater: Through the furnace | Water Heater: Through the furnace |
| Taxes: $924 | Taxes: $925 |
Comparable Sales/CMA
*we recommend any potential investor do their own due diligence and use these as a point of reference only
ARV (After Repair Value) Comps:
Half Doubles: Search | Leonard M. Wyda
As-Is Comps:
Half Doubles: Search | Leonard M. Wyda
Estimated Market Rents
MLS Rental Comps:
Contact Us to Schedule a Walkthrough
The Melito & Koch Team
- Lenny Wyda – Direct Line: 570-413-0921
- Lenny Wyda – Email: Lenny@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 The Morrow Wargo Group, 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.
- 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.