tomo logo

$399,900

Beds
4
Baths
2.0
sq ft
1,702

40 S Penn St, Hatboro, PA 19040

40 S Penn St

HATBORO, PA 19040

  • 3 days on market
Well-maintained twin duplex in the heart of Hatboro that offers fantastic rental income opportunity. Each unit is two bedroom, one bath. The residence is conveniently located directly across the street from the Hatboro train station. Your tenants will love the ease of commuting to Philadelphia and surrounding areas. Enjoy the proximity to Hatboro's charming downtown, with shops, restaurants and local amenities just minutes away. This duplex is a smart investment with strong cash flow potential. The monthly rental rate is currently under market value. Each unit has an eat-in kitchen and spacious laundry room with both bedrooms upstairs. The half basement provides each unit with storage. Separate heat and electric. Recent updates include a new roof in 2020, a cosmetic update in each unit with new carpets and paint in 2023 and a new HVAC/boiler in 2023. Schedule your showing today before this one is gone!

Details

Property type

Single Family Residence

Est. home value

$380,184

Lot size

5,875 sq ft

Price per sq ft

$235

Year built

1905

Annual property taxes

$5,860

HOA

No

Price History

03/03/2025
Bright

Bright #PAMC2130886

Listed
$399,900
+38.47%
08/26/2020
Bright

Bright #PAMC654906

Sold
$288,800
+15.52%
06/17/2016
Bright

Bright #1002381324

Sold
$250,000

Schools & Community

Elementary school: 

CROOKED BILLET

Middle school: 

KEITH VALLEY

High school: 

HATBORO-HORSHAM SENIOR

School district: 

HATBORO-HORSHAM

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

$125,517
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$242,391
Cash to seller
$125,517

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

Seller’s Loan History

Lender

Fairway Independent Mtg Corp

Loan start date

August 2020

Original loan amount

$268,742

Est. remaining balance

$242,391

Interest rate

3.07%

Loan type

New Conventional, 30 year

Seller

Masom Kimball

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: 03/03/2025 at 11:40 PM

Listing updated: 03/03/2025 at 8:24 AM

Listed by: Brandon J Byrne, Homestarr Realty Phone #: (215) 355-5565

MLS: Bright #PAMC2130886

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