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$370,000

Beds
5
Baths
3.0
sq ft
3,063

258 Beech St, Pottstown, PA 19464

258 Beech St

POTTSTOWN, PA 19464

  • 30 days on market
Welcome to this fantastic two-family investment property, an excellent opportunity for both seasoned investors and first-time buyers looking to generate passive income. Nestled in a desirable neighborhood, this property offers two units, each with its own unique charm and potential for rental income. With a strong rental market in the area, this property is poised to provide a steady stream of income. Earning potential of $4,000. Whether you choose to live in one unit and rent out the other, or rent both units, this property offers flexibility and financial rewards. Private entrance for each of the two units in this spacious duplex, each with their own laundry hook up. Both units have been newly updated - new flooring, updated kitchens and bathrooms. Main level unit has two bedrooms, a laundry/mud room, large living room with a fire place - plus 1.5 bathrooms and a bonus room. Second floor unit includes a dining area/living room, 2 bedrooms and an additional 3rd bedroom in the attic, plus 1.5 bathrooms. Property comes with a two car detached garage and a nice rear yard! Garage could potentially be used as extra income. Additional Highlights: Separate Utilities: Each unit has its own separate utilities, making it easier for tenants to manage their own bills. Parking: Detached 2 car garage Outdoor Space: Great backyard area!

Details

Property type

Single Family Residence

Est. home value

$224,544

Lot size

4,200 sq ft

Price per sq ft

$121

Year built

1910

Annual property taxes

$6,247

HOA

No

Price History

10/24/2024
Bright

Bright #PAMC2121112

Listed
$370,000
+57.51%
05/24/2023
Bright

Bright #PAMC2069944

Sold
$234,900

Schools & Community

Neighborhood: 

Downtown North

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

POTTSTOWN

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$167,172
Asking price
$370,000
Closing costs (~8% of asking)
-$29,600
Est. remaining loan balance
-$173,228
Cash to seller
$167,172

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

May 2023

Original loan amount

$176,175

Est. remaining balance

$173,228

Interest rate

6.28%

Loan type

New Conventional, 30 year

Seller

Todd M Craig and Donna Dalske

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/23/2024 at 2:40 AM

Listing updated: 10/24/2024 at 1:19 PM

Listed by: Michelle Sitoski, Realty One Group Supreme Phone #: (484) 531-7300

MLS: Bright #PAMC2121112

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