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$105,000

Beds
2
Baths
1.0
sq ft
1,200

265 W Burkhart Ave, Chambersburg, PA 17201

265 W Burkhart Ave

CHAMBERSBURG, PA 17201

  • 144 days on market
    • Price drop $5,000↓
**Investment Opportunity: 265 W Burkhart Ave, Chambersburg, PA πŸ‘πŸ’Ό** Discover an exceptional investment opportunity in the heart of Chambersburg, PA. This charming 2-bedroom, 1-bathroom single-family Cape Cod home offers a blend of comfort and potential. With 1,175 sq ft of living space, central air conditioning, and a full basement, this property provides ample room for residents and future enhancements. πŸ›οΈπŸ›πŸ“ The property boasts a significant asset: a spacious garage with an upstairs level. This additional space presents a unique opportunity for investors, as it can potentially be converted into another unit, pending township approval. πŸš—πŸ  Currently, the property is occupied by long-term tenants on a month-to-month lease, providing flexibility for new ownership. The rental income of $1,445/month offers immediate cash flow, with room for potential rent increases. πŸ’ΈπŸ“ˆ Located in a dense suburban area, Chambersburg is a community known for its family-friendly atmosphere and appeal to young professionals. The public schools in the area are rated above average, enhancing the property's desirability. This thriving rental market ensures consistent demand, making this an ideal investment for those looking to expand their portfolio. πŸ‘¨β€πŸ‘©β€πŸ‘§β€πŸ‘¦πŸ« Don't miss out on this unique opportunity to acquire a property with both immediate rental income and future growth potential. Contact us today to schedule a viewing and explore the possibilities that 265 W Burkhart Ave has to offer! πŸ“žπŸ”‘

Details

Property type

Single Family Residence

Est. home value

$111,937

Lot size

3,049 sq ft

Price per sq ft

$88

Year built

1946

Annual property taxes

$1,021

HOA

No

Price History

10/20/2024
Bright

Bright #PAFL2021716

Price change
$105,000
-4.55%
08/02/2024
Bright

Bright #PAFL2021716

Listed
$110,000

Schools & Community

Elementary school:Β 

Unknown

Middle school:Β 

Unknown

High school:Β 

CHAMBERSBURG AREA SENIOR

School district:Β 

CHAMBERSBURG AREA

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

$68,044
Asking price
$105,000
Closing costs (~8% of asking)
-$8,400
Est. remaining loan balance
-$28,556
Cash to seller
$68,044

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

Seller’s Loan History

Lender

Phh Mortgage Services Corp

Loan start date

November 2014

Original loan amount

$73,313

Est. remaining balance

$28,556

Interest rate

3.3%

Loan type

New Conventional, 15 year

Seller

Ricky L Danzberger and Kathy M Danzberger

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: 12/22/2024 at 11:05 AM

Listing updated: 12/10/2024 at 11:49 AM

Listed by: Eric Alexander Gentry II, Keller Williams of Central PA Phone #:Β (717) 761-4300

MLS: Bright #PAFL2021716

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