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370 MARY ST Downingtown, PA 19335
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Key Details
Sold Price $329,900
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,080 sqft
Price per Sqft $158
Subdivision Downingtown Boro
MLS Listing ID PACT2005398
Sold Date 11/30/21
Style Converted Dwelling
HOA Y/N N
Abv Grd Liv Area 2,080
Originating Board BRIGHT
Year Built 1971
Annual Tax Amount $4,121
Tax Year 2021
Lot Size 8,006 Sqft
Acres 0.18
Lot Dimensions 0.00 x 0.00
Property Description
INVESTOR ALERT!! TWO UNIT DUPLEX - TURNKEY AND READY TO GO! WITHIN WALKING DISTANCE TO HEART OF DOWNINGTOWN, AWARD WINNING DOWNINGTOWN SCHOOLS. This home has been recently renovated (2012) and features DUAL ZONE CENTRAL AIR CONDITIONING / GAS HVAC / 6 CAR PARKING / HUGE BACK YARD THAT IS PARTIALLY FENCED. This is an ideal scenario for both the hands off investor, or owner occupant that can live in one unit and rent an additional unit to cover a large portion of the mortgage. Located within walking distance to Downingtown's business district, restaurants, and shopping. Both units have been leased to long term tenants that are quiet working professionals, and are discounted from projected market values. The property has a generously sized rear deck off the 1st floor unit that has additional walkdown access to a long, deep, and beautiful back yard. Partially fenced back yard area accessible by each unit and provides additional opportunity to generate income through pet rent and fees. Shared access to large unfinished basement with endless storage and basement washer dryer. Additional high efficiency washer/dryer located on the second floor. There are two driveways on the property allowing 6 total car parking. This home shows very well and is in very good condition. Showings require a minimum of 24 hour notice and to be conducted between 10:00AM-5:00PM. NEW Heater system, 2 new main panel electric boxes, and 2 new water heaters --all replaced in October 2021.
FINANCIAL INFORMATION:
-UNIT 1 - (first floor, front entrance): 2 BED / 1 BATH / 1040 SQ. FT.
-RENT = $1,100 PER MONTH.
-LEASE EXPIRATION: month-to-month with 60 days notice to vacate.
-PROJECTED MONTHLY RENT = $1,350 + any applicable pet fees.
UNIT 2 - (second floor, left side entrance): 2 BED / 1 BATH / 1040 SQ. FT.
-RENT = $1,200 PER MONTH .
-LEASE EXPIRATION: Tenant Provided notice to vacate and will be moved out by 11/1/21.
-PROJECTED MONTHLY RENT = $1,450 + any applicable pet fees.
-TOTAL GROSS INCOME = $2,300 per month / $27,600 annually.
-PROJECTED GROSS INCOME = $2,700-$2900 per month / $32,400-$34,800 annually.
-TAXES (2021) = $4,121 annually.
-UTILITY METERS: Separate gas / electric (PECO)
-LANDLORD EXPENSES = water (DMWA) , sewer, trash (Downingtown Boro) --PAID quarterly / homeowners insurance.
-TENANTS PAY: gas, electric, cable/internet, lawn maintenance, snow removal
-HIGH SCHOOL: Downingtown West HS
Location
State PA
County Chester
Area Downingtown Boro (10311)
Zoning R10
Rooms
Basement Full, Poured Concrete, Side Entrance, Sump Pump, Unfinished
Interior
Interior Features 2nd Kitchen, Additional Stairway, Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Recessed Lighting, Entry Level Bedroom
Hot Water Natural Gas
Heating Forced Air, Zoned
Cooling Central A/C
Equipment Dishwasher, Dryer, Energy Efficient Appliances, Washer
Fireplace N
Appliance Dishwasher, Dryer, Energy Efficient Appliances, Washer
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Water Access N
Roof Type Asphalt,Pitched,Shingle
Accessibility None
Total Parking Spaces 6
Garage N
Building
Lot Description Level, Rear Yard, SideYard(s), Front Yard
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Beaver Creek
Middle Schools Downington
High Schools Downingtown High School West Campus
School District Downingtown Area
Others
Tax ID 11-07 -0030.0100
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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Bought with Babette M Pomfret • KW Greater West Chester