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About the Listing RMREALBR2 - 3233753
Back to the market for a second time due to buyers terminating right before closing (even though the home appraised at the list price). This home has an FHA appraisal that will carry with the home and can be used to close this home quickly which will potentially save the buyers the cost of an appraisal. Welcome to this newly renovated two-unit property, which includes a three-bedroom, one-bath unit on the second and third floors and a two-bedroom, one-bath unit on the first floor. This home could easily be used as a single-family residence and would work for multi-generational living, or it could be a high-income producing investment property. Since the commercial limited zoning permits mixed use with residenital, multi-family, and office space, the possibilites for this property are endless! The projected cap rate on this one should be over 10% which is extremely hard to find in this competitive seller's market at an estimated $2800 per month rented as a multi-family unit or $2500 per month as a single-family home. The seller is willing to fill the rental with tenants if the buyer prefers, or the buyer could purchase one and live in the other and let the rent pay for the mortgage. This is one of the most affordable ways for a first-time homebuyer to purchase their first home, and the possibilities are endless on this one! Don't delay, make this home your own today!
Listing Highlights for 202 E Cumberland Rd
Status
Pending
Days on Site
132
Property Type
Multi-Family
MLS ®
PACB2041578
Year Built
1920
Total Square Footage
2,040
Lot/Acreage
0.09
County
Cumberland
Neighborhood
None Available
School District
East Pennsboro Area
High School
East Pennsboro Area Shs
Interior Details
- Bedrooms: 5
- Bathrooms: Full
- Appliances: Oven/Range - Gas, Dryer
- Air Cond: Ceiling Fan(s)
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2040
- Below Ground Sq Ft: 0
- Basement: Poured Concrete,Walkout Level,Full,Interior Access,Sump Pump,Unfinished
- Other: Kitchen - Eat-In,Formal/Separate Dining Room
- Water: Public
Exterior Details
- Lot Description: Cleared,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: COMMERCIAL L/MIXED USE
- Roof: Fiberglass,Asphalt
- Others: Exterior Lighting,Good
- Sewer: Public Sewer
- Parking Features: Paved Driveway,Off Street,On Street,Driveway
Financial Details
- Tax Amount: $2,020
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
202 E Cumberland Rd Enola, PA 17025
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