22-24 W Market Street

Description

Back on the market - Excellent opportunity for investors, first-time homebuyers or those looking to down-size. Adorable and well-maintained 2-unit in historic brick building in the desirable Selinsgrove school district. Live in one unit and rent out the other to pay your mortgage. Well-established rental history with solid tenants. Both leases are on a month-to-month basis at $625/month for each unit and the rent has not been raised since the pandemic, so there is scope for an increase. Tenants pay all utilities. Unit 2 tenant provides lawn care and snow removal for a $50/month rebate on the rent. Present owner has carried out extensive renovations since purchasing - new roof in 2021, entire building repointed and repainted in 2020, new sidewalks poured and new storms doors in 2018, new kitchens and baths in 2011, new windows in 2008, and much more. One kitchen boasts solid surface countertops and both units have stainless steel appliances and trendy cabinetry. Large walk-up attic area could be converted to additional living space. Property has been managed by professional property manager throughout. Selinsgrove is easily accessible approx. 5 minutes away. The neighboring property is also for sale and the seller would prefer to sell both properties together. A full inspection was carried out and items noted in the report have been repaired. Appraisal for the properties combined came in at $290,000. The seller is a licensed Pennsylvania real estate agent.