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$132,000

Beds
2
Baths
1.0
sq ft
Unknown

359 N Franklin St, Pottstown, PA 19464

359 N Franklin St

POTTSTOWN, PA 19464

  • 26 days on market
    • Price drop $5,000↓
Investor alert!! Immediate income opportunity. 2 story building featuring 2 units and is zoned mixed use. The building features a 2 bedroom 1 bath apartment on the second level. Apartment is currently occupied. Monthly rent is $1500 per month. Tenant has a month to month lease but would like to stay. The downstairs is a commercial space previously used a a barber shop. Zoned to allow anything from a nail salon or retail store front. The property is close to public transportation and the developing downtown. The is a perfect opportunity for anyone looking to invest or add to their portfolio.

Details

Property type

Single Family Residence

Est. home value

$136,431

Lot size

895 sq ft

Price per sq ft

Unknown

Year built

1920

Annual property taxes

$2,762

HOA

No

Price History

09/18/2024
Bright

Bright #PAMC2116218

Price change
$132,000
-3.65%
09/09/2024
Bright

Bright #PAMC2116218

Listed
$137,000
+24.55%
02/12/2021
Bright

Bright #PAMC665476

Sold
$110,000
+111.54%

Schools & Community

Neighborhood: 

Beech/Wilson

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

POTTSTOWN

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

$45,700
Asking price
$132,000
Closing costs (~8% of asking)
-$10,560
Est. remaining loan balance
-$75,740
Cash to seller
$45,700

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

Seller’s Loan History

Lender

Presidential Bank

Loan start date

February 2021

Original loan amount

$82,500

Est. remaining balance

$75,740

Interest rate

2.66%

Loan type

New Conventional, 30 year

Seller

Meghan B Watt and Valencie Watt

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: 10/04/2024 at 10:25 PM

Listing updated: 09/24/2024 at 2:06 AM

Listed by: Terese E Brittingham, Keller Williams Realty Group Phone #: (610) 792-5900

MLS: Bright #PAMC2116218

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