$405,000
SOLD OCT 29, 2024
-- Bed
-- Bath
2,178 Sq Ft
8,750 Sq Ft Lot

Recently Sold

$186 Per Sq Ft

8% Below List Price

109 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Forced Air Heating and Cooling System
  • Attic
  • Tankless Water Heater
  • Walk-Up Access

About This Home

As of October 2024

New Listing: Prime Investment Opportunity - 3 Unit All-Brick Property!! Discover a fantastic investment opportunity with this well-maintained, all-brick, 3-unit property. Perfectly situated on a generous 50x175 lot, this cash flow positive property is ideal for investors seeking stable rental income. Being cash flow positive will allow you to benefit from immediate rental income with all units currently leased on yearly contracts, ensuring a steady cash flow. The all-brick construction exudes timeless appeal and durability, complemented by a charming wrap-around porch that enhances the property's curb appeal. Tenants will appreciate the paved parking area, providing ample space and convenience. This property has been diligently cared for, ensuring minimal maintenance and hassle-free management for the new owner. With yearly leases in place, enjoy the peace of mind that comes with reliable rental income. The all-brick exterior and overall well-maintained condition reduce the need for frequent repairs, enhancing your return on investment. This is a rare opportunity to acquire a cash flow positive, multi-unit property with excellent tenant appeal and minimal upkeep. Don’t miss your chance to invest in this prime piece of real estate. Schedule a showing today and take the first step towards enhancing your investment portfolio!

Last Agent to Sell the Property

Susie Miller

The KW Collective License #308926 Listed on: 05/31/2024

The KW Collective

Last Buyer's Agent

Wendy Aloi

Real Estate Innovations License #RSR000627

Real Estate Innovations

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,849

Year Built

  • Built in 1923

Lot Details

  • 8,750 Sq Ft Lot
  • Lot Dimensions are 50' x 175'
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • Finished Basement
  • Walk-Up Access
  • Attic

Parking

  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Schools

  • Hickory Elementary School
  • Springfield Middle School
  • Williamsport High School

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • Income includes apartment rentals

Listing and Financial Details

  • The owner pays for electricity, gas, insurance, sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 2226002400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,849

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • Automatically Close On Close Date: No
  • Remarks Public: New Listing: Prime Investment Opportunity - 3 Unit All-Brick Property!! Discover a fantastic investment opportunity with this well-maintained, all-brick, 3-unit property. Perfectly situated on a generous 50x175 lot, this cash flow positive property is ideal for investors seeking stable rental income. Being cash flow positive will allow you to benefit from immediate rental income with all units currently leased on yearly contracts, ensuring a steady cash flow. The all-brick construction exudes timeless appeal and durability, complemented by a charming wrap-around porch that enhances the property's curb appeal. Tenants will appreciate the paved parking area, providing ample space and convenience. This property has been diligently cared for, ensuring minimal maintenance and hassle-free management for the new owner. With yearly leases in place, enjoy the peace of mind that comes with reliable rental income. The all-brick exterior and overall well-maintained condition reduce the need for frequent repairs, enhancing your return on investment. This is a rare opportunity to acquire a cash flow positive, multi-unit property with excellent tenant appeal and minimal upkeep. Don’t miss your chance to invest in this prime piece of real estate. Schedule a showing today and take the first step towards enhancing your investment portfolio!
  • Special Features: None

Interior Features

  • Interior Amenities: Attic
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Fully Finished, Improved, Walkout Stairs
  • Total Sq Ft: 3267
  • Living Area Sq Ft: 2178
  • Price Per Sq Ft: 201.97
  • Above Grade Finished Sq Ft: 2178
  • Below Grade Sq Ft: 1089
  • Total Below Grade Sq Ft: 1089
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 17439

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Monthly Average Electric: 197
  • Previous Twelve Months Electric Expense: 2368.00
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas, Tankless
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Monthly Water Average: 63
  • Water Previous Twelve Months: 760.00
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: WASHINGTON COUNTY PUBLIC SCHOOLS
  • Elementary School: HICKORY
  • Middle School: SPRINGFIELD
  • High School: WILLIAMSPORT
  • Elementary School Source: Listing Agent
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138761341
  • School District Source: 3rd Party
  • Elementary School: HICKORY
  • High School: WILLIAMSPORT
  • Middle Or Junior School: SPRINGFIELD

Lot Info

  • Land Use Code: RC
  • Lot Features: Corner, Level
  • Lot Size Acres: 0.20
  • Lot Dimensions: 50' x 175'
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8750.00
  • Year Assessed: 2024
  • Zoning: RU
  • In City Limits: No

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Electricity, Gas, Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 38400.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1849.00
  • Assessor Parcel Number: 2226002400
  • Tax Total Finished Sq Ft: 2178
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 10/29/2024

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Oct 29, 2024
Sold by
Smith Martha Sue and Smith Glenn C
Bought by
Perry Paul and Perry Anessa Moon
Seller's Agent
Susie Miller
The KW Collective
Buyer's Agent
Wendy Aloi
Real Estate Innovations
List Price
$439,900
Sold Price
$405,000
Premium/Discount to List
-$34,900
-7.93%
Total Days on Market
109
Views
192
Current Estimated Value
$402,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,921
Avg. Annual Appreciation
-0.18%
Original Mortgage
$405,000
Outstanding Balance
$402,998
Interest Rate
6.09%
Mortgage Type
VA
Estimated Equity
$1,583

Purchase Details

Closed on
Jan 19, 1989
Sold by
Blickenstaff Thomas C
Bought by
Tagg Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
10.81%
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $405,000 Clear Title
Deed $85,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $405,000 VA
Previous Owner $85,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $405,000 -7.9% $186 / Sq Ft
05/31/2024 05/31/24 For Sale $439,900 -- $202 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,063 $199,267 $0 $0
2023 $1,849 $177,833 $0 $0
2022 $1,619 $156,400 $39,300 $117,100
2021 $1,550 $151,633 $0 $0
2020 $1,550 $146,867 $0 $0
2019 $1,506 $142,100 $39,300 $102,800
2018 $1,506 $142,100 $39,300 $102,800
2017 $1,506 $142,100 $0 $0
2016 -- $151,700 $0 $0
2015 -- $151,700 $0 $0
2014 $2,129 $151,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWA2022114

Bright MLS

APN: 26-002400