59-60 RELIANCE CT Pending Save Request In-Person Tour Request Virtual Tour
Telford,PA 18969
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Pending
Purchase Type For Sale
Square Footage 1,776 sqft
Price per Sqft $182
MLS Listing ID PABU2090542
Style Traditional
Abv Grd Liv Area 1,776
Originating Board BRIGHT
Year Built 1975
Available Date 2025-03-30
Annual Tax Amount $3,389
Tax Year 2024
Lot Dimensions 0.00 x 0.00
Property Sub-Type End of Row/Townhouse
Property Description
Duplex with Identical Floor Plans and Potential for Higher Rental Income. Located in the sought-after Pennridge School District, this duplex presents an exceptional investment opportunity. The property features identical upstairs and downstairs floor plans, making it easy to manage and maintain. Both units are fully occupied, with tenants on month-to-month leases. A 30-day notice is required for vacating, ensuring flexibility for both the landlord and the tenants. Each unit consists of 2 bedrooms and 1 bath, providing comfortable living spaces for the occupants. The second-floor tenant has been a long-term renter, adding stability to the investment. The current rents are below market value, with fully renovated units in the area going for UP to $1900 per unit. This indicates significant potential for higher rental income with appropriate updates and adjustments. The current rents are $925/per unit
The units are in good condition overall, with the 2nd floor flooring needing replacement. The first-floor unit was originally occupied by the owner for many years and underwent renovations about four years ago. These updates contribute to the property's appeal and longevity.
Both units have been equipped with new windows, enhancing energy efficiency and aesthetic appeal. Heat pumps for each unit were replaced in 2018 and serviced in 2024, ensuring reliable heating and cooling for the tenants. The property's maintenance history and recent upgrades add to its attractiveness as a solid investment.
HOA fee is 150/month per unit covering trash 1x week, snow, grounds maintenance , sidewalks and common area. Capital contribution is $1200.
Location
State PA
County Bucks
Area Hilltown Twp (10115)
Zoning RR
Interior
Interior Features Combination Kitchen/Dining
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Inclusions (2) Washer/Dryer (2) Refrigerators
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Pennridge
Others
Tax ID 15-041-059
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard