7 W Penn Avenue

    CLEONA, PA 17042
    • $199,999
    • STATUS: Active
    • ON SITE: 221 days
    • ID#: 1003706188
    UPDATED: 57 min ago
    $199,999
    • 5
      BEDS
    • 0.39
      ACRES
    • 2
      BATHS
    • 1
      1/2 BATHS
    • 2,723
      SQFT
    • $73
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Information

    Middle School:
    High School:
    School District:

    Description

    Many possibilities with this property at an excellent location in Annville-Cleona School District directly in the heart of the Cleona Borough. This sale is for the detached home and property at 7 W. Penn Ave and the adjacent vacant lot together (price inclusive). The detached home is currently divided into 2, one floor apartments. Both apartments have 2 bedrooms, 1 bath, living room, and kitchen. They feature beautiful hardwood floors in the living areas and bedrooms and vinyl in the kitchens and baths. Both apartments have very similar floor plans and the entire building is well maintained. The 2nd floor apartment has access to a huge attic and the first floor apartment has access to a partial basement. Currently one apartment is rented for $700/month on a month to month basis. The tenants have enjoyed their home for 5+ years. The 2nd floor apartment is currently vacant for the purpose of showing this property for sale. Here are some of the possibilities: rent out both apartments for a great investment. Currently the landlord pays water, sewer, trash, and oil for an estimated $4500 yearly expense. Each apartment has its own thermostat control for 2 zone oil heat and tenants pay their own electric. Another possibility: live in one, rent the other - get cash flow to help pay your mortgage while you live in one of the units. Another possibility: convert the home back to a single family home - easily convert the staircase from a closet and ceiling back to a staircase for access between the floors. The vacant lot can be enjoyed as it is for spaciousness or work with local officials to improve the land for a possible gain. There is ample off-street parking at the rear of the property via the alley and also parking spaces on the street in front. Well located property within walking distance to restaurants, Cleona elementary school, playground, and easy trek to Annville, Lebanon and beyond. All measurements are approximate. Buyer to perform due diligence on both properties. The properties will not be sold separately.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-04-23T09:55:31.22.
    www.centralpahomesaleteam.com/homes/87463286

    7 W Penn Avenue CLEONA, PA 17042

    • Price: $199,999
    • Status: Active
    • Updated: 57 min ago
    • ID#: 1003706188
    5
    Beds
    2
    Baths
    1
    ½ Baths
    0.39
    Acres
    2,723
    SQFT
    $73
    $/SQFT
    1928
    Built
    Neighborhood:
    Cleona Boro (13211)
    County:
    Lebanon
    Area:
    Cleona Boro (13211)
    Middle School:
    Annville-Cleona
    High School:
    Annville-Cleona
    School District:
    Annville-Cleona
    Property Description
    Many possibilities with this property at an excellent location in Annville-Cleona School District directly in the heart of the Cleona Borough. This sale is for the detached home and property at 7 W. Penn Ave and the adjacent vacant lot together (price inclusive). The detached home is currently divided into 2, one floor apartments. Both apartments have 2 bedrooms, 1 bath, living room, and kitchen. They feature beautiful hardwood floors in the living areas and bedrooms and vinyl in the kitchens and baths. Both apartments have very similar floor plans and the entire building is well maintained. The 2nd floor apartment has access to a huge attic and the first floor apartment has access to a partial basement. Currently one apartment is rented for $700/month on a month to month basis. The tenants have enjoyed their home for 5+ years. The 2nd floor apartment is currently vacant for the purpose of showing this property for sale. Here are some of the possibilities: rent out both apartments for a great investment. Currently the landlord pays water, sewer, trash, and oil for an estimated $4500 yearly expense. Each apartment has its own thermostat control for 2 zone oil heat and tenants pay their own electric. Another possibility: live in one, rent the other - get cash flow to help pay your mortgage while you live in one of the units. Another possibility: convert the home back to a single family home - easily convert the staircase from a closet and ceiling back to a staircase for access between the floors. The vacant lot can be enjoyed as it is for spaciousness or work with local officials to improve the land for a possible gain. There is ample off-street parking at the rear of the property via the alley and also parking spaces on the street in front. Well located property within walking distance to restaurants, Cleona elementary school, playground, and easy trek to Annville, Lebanon and beyond. All measurements are approximate. Buyer to perform due diligence on both properties. The properties will not be sold separately.
    Exterior Features

    Architectural Style Traditional Construction Materials Brick Exterior Features SidewalksStreet Lights Garage YN No Other Structures Above GradeBelow Grade Parking Types Off Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2723 Basement Partial Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 2723.00 Cooling None Fireplace YN No Fireplaces Total 0 Flooring HardwoodLaminated Heating Hot Water Heating YN Yes Interior Features 2nd KitchenAtticKitchen - Eat-In Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished None

    Property Features

    Acceptable Financing CashConventionalFhaVa Accessibility Features None Association YN No Central Air YN No Cooling Fuel None Electric Fuses Existing Lease Type Month To Month Heating Fuel Oil Hot Water ElectricOil Incorporated City Name Cleona Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Number Of Units Vacant 1 Operating Expense 4500.00 Operating Expense Includes Trash Original MLSNumber 300578996605 Owner Pays HeatSewerWater Ownership Interest Fee Simple Possession Settlement Property Sub Type Duplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 3337.0 Tax Assessment Amount 165200.0 Total Actual Rent 8400.00 Utilities Cable Tv AvailableElectric AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning Residential

    Listing courtesy of Coldwell Banker Residential Brokerage.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-04-23T09:55:31.22.
     
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