$355,000
$315,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
41 W SUMMIT AVE Telford, PA 18969
1,676 SqFt
Key Details
Sold Price $355,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,676 sqft
Price per Sqft $211
MLS Listing ID PAMC2086956
Style Cape Cod
Year Built 1920
Annual Tax Amount $5,231
Tax Year 2022
Lot Size 0.258 Acres
Property Description
Are you in search of a duplex that offers a unique opportunity to live in one unit while offsetting your mortgage by renting out the other? Look no further; this property is tailor-made for you! Whether you're an investor looking to expand your portfolio or a homeowner seeking to leverage the benefits of rental income, this duplex with a spacious two-car detached garage presents an attractive investment opportunity. The current owners have lived in the first-floor unit for more than four decades, and while some minor cosmetic updates are in order, they have diligently maintained and upgraded the most significant, high-value components. Recent improvements include a newer roof and modernizing the heating and central air conditioning units, ensuring that you'll have a comfortable and well-maintained living space. The first-floor unit offers two bedrooms, a welcoming living room, a formal dining room, a user-friendly kitchen, a full bathroom, and a delightful three-season sunroom. This unit also provides the convenience of central air conditioning and grants access to a covered front porch, a full basement with laundry facilities, and the two-car detached garage. With some tender loving care and a few updates, the first-floor unit and the garage have the potential to rent for $2,000 a month. The second-floor unit, which currently houses a one-bedroom configuration, is currently rented on a month-to-month basis for $800, with the owner covering all utilities. Notably, the electrical systems were once separated and could be easily reinstated with the addition of an outside meter. Opportunities like this are rare, don't miss the chance to explore this exceptional property for yourself. You'll be glad you did!
Location
State PA
County Montgomery
Area Telford Boro (10622)
Zoning 1132 RESIDENTIAL DUPLEX
Interior
Hot Water Oil
Heating Baseboard - Hot Water
Cooling Central A/C
Exterior
Parking Features Garage - Front Entry, Garage Door Opener
Garage Spaces 3.0
Utilities Available Cable TV
Water Access N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Souderton Area
Others
Special Listing Condition Standard
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Bought with Gerald J Peklak • RE/MAX Reliance