Telford, PA 18969,59-60 RELIANCE CT
Telford, PA 18969,59-60 RELIANCE CT
Telford, PA 18969,59-60 RELIANCE CT
Telford, PA 18969,59-60 RELIANCE CT
Telford, PA 18969,59-60 RELIANCE CT
Telford, PA 18969,59-60 RELIANCE CT
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$ 324,900
Est. payment | /mo

1,776 SqFt


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$ 324,900
Est. payment | /mo
Save

1,776 SqFt

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

Bright MLS (BMLS)
Listed by Sandra Lee Horan • Keller Williams Real Estate-Montgomeryville
agent-avatar

+1(610) 420-7506

mk@movewithpridephl.com

1619 Walnut St 4th FL, Philadelphia, PA, 19103, United States

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59-60 RELIANCE CT