Mary Lou Erk - Coldwell Banker Hearthside

Description

INVESTOR OR FIRST TIME BUYER WANTED! This great opportunity is located on a quiet block in Darby on the border of the Philadelphia Cobbs Creek section. This RECENTLY RENOVATED DUPLEX with many new upgrades and appliances currently has (2) OCCUPIED, (2)-bedroom apartments on the first and second floors. That's right. Earn money on Day 1! Current rental income is $1300/month. A Conventional Loan (20% down at 4% interest rate) will have an average monthly payment of $600 per month, which includes Principal Interest Taxes Insurance. Do the math and realize that you can immediately earn a profit as an investor or let your tenant pay most of your mortgage. If you decide to use this as a starter home and live in one of the apartments, an FHA Loan (3.5% down at an interest rate of 4%) will have an average monthly payment less than $740, which includes Principal Interest Taxes Insurance. That's not bad if your tenant is paying $700 a month. It would only cost you $50 or less to pay your mortgage payment. Each unit has a ton of closet space, a combination of carpet and hardwood floors, spacious basement for storage, and a rear private yard. Many upgrades throughout including a newer roof, hot water heater, and heater. Very Motivated Seller that may consider Seller Assist. Current long-term tenant can stay or move depending on the new owner. Now take advantage of this opportunity and schedule a showing today! BUT WAIT there is more HOME WARRANTY Included in Sale

Details

MLS#1004467105
Sub-TypeResale
StatusActive
Year1928
Days On Site275

Features

Market Activity 19023

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Area Information

StatePA
CityDARBY
Zip Code19023
AreaDarby Boro (10414)
Listing VS Median (in 19023)
Price:
$69,900
low | high
Med:
$74,900
42.846924177396% of Average
On Site:
275
low | high
Med:
8
100% of Average
Listing Updated: 10/16/2018
MLS Number: 1004467105
Listing Provided By:
S. Dave Hudson  of  Super Realty Group LLC

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