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4 UNIT APARTMENT, EXCELLENT RENTAL INVESTMENT

 

SOLD! $163,000.00

 

Real Estate Auction

401 Water Street
Danville, PA 17821
Danville Boro, Montour County

SATURDAY, SEPTEMBER 2ND 12:00PM
(Auction held on site)

• 3 Units in 1 Building
• 1 Unit Above Garage (Possible Additional Rental Income from Garage)
• Net Income Average $19,000-$20,000 Per Year
• Excellent Investment
• Currently Rented with Great Rental History
• Public Water and Sewer
• A Great Property to Add to Your Investment Portfolio

PROPERTY DETAILS:
Address: 401 Water Street, Danville, PA 17821
County: Montour
Township: Danville Boro
School District: Danville
Deed: 385/1537
Parcel(s): 11-88-122
Taxes: $2,014.00
Income: Net Income average of $19,000-$20,000 annually
Age: Built in 1896
Total Area: 2,304 sq.ft.
Units: 3 Units in main house, 1 Unit above garage
Utilities: Units have separate utilities; tenants are responsible for paying gas, electric and trash removal; owner pays water and sewer
Inspection: All units have been inspected by Danville Borough and are in compliance
Parking: Off-street
Roof: Replaced on main house in 2015
Heating: Gas heat
Water: Public
Sewer: Public
Electric: Electric services for each unit upgraded in 2012
Garage: Large Garage currently used for storage by current owner but could be an additional source of rental income

UNIT 1 DETAILS:
401 Water Street
Rent $850 – Currently Unoccupied
• 3 Bedrooms
• 1.5 Bathrooms
• Gas hot water heat
• 200 amp electric service
• Washer/Dryer hookups
• Refrigerator and Stove
• Replacement windows
• New carpet and paint

UNIT 2 DETAILS:
2 Cedar Street Upstairs
Rent $625
• 1 Bedroom
• 1 Bathroom
• Gas hot water heat
• 100 amp electric service
• Refrigerator and Stove
• Replacement windows

UNIT 3 DETAILS:
2 Cedar Street Downstairs
Rent $425
• 1 Bedroom
• 1 Bathroom
• Gas hot water heat
• 100 amp electric service
• Refrigerator and Stove
• Replacement windows in garage and are included in sale

UNIT 4 DETAILS:
6 Cedar Street (Above Garage)
Rent $725
• 32’x28′
• 2 Bedrooms
• 1 Bathroom
• Gas forced air heat
• 100 amp electric service
• Washer/Dryer (stacked unit purchased in 2016)
• Refrigerator and Stove

Registration: Any time or day prior to start of Auction on September 2, 2017 at 12:00 pm.
Terms and Conditions: To be sold under owner’s immediate confirmation. $15,000 down in the form of cash, cashier or certified check, Dustin C. Snyder Escrow Account.
Contract: The successful high bidder will be required to sign a contract of sale immediately upon the conclusion of the auction with the deposit acting as a down payment. 2% paid by buyer.
Closing: Closing on or before 60 days.
Disclaimer: All information regarding the property for sale is from reliable sources, but no warranty is made by the Seller or Auctioneer. Sold with clean clear title. All information conveyed at auction takes precedence over written and verbal previous information.
Financing Available: Please contact a bank of your choice or contact Ag Choice Farm Credit at 570-524-2204.

Directions: From Danville at Route 11 and Route 54 intersection, travel Route 54 E towards Riverside. Turn left onto W. Front Street, continue a short distance and turn right onto Cedar Street. Turn left onto Water Street and the property will be located on the left. Please watch for auction signs.

Dustin C. Snyder
529 North State Street • Millville, PA 17846
570.546.2231 • 570.441.9357
www.dustinsnyderauctioneer.com
dustinsnyderauctioneer@gmail.com
License #AY-002123