Skip To Content
    Return to Previous Page

    101 W Penn Avenue

    CLEONA, PA 17042
    • $345,000
    • STATUS: Pending
    • ON SITE: 15 days
    • ID#: PALN117402
    Pending
    UPDATED: 35 min ago
    $345,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    Description

    Great Investment opportunity! Beautifully updated 3 Unit investment property. Unit 1 is an 1800 square foot 3 level half a house with 3-5 bedrooms, 1.5 baths, open concept first floor. Space for a home office and/or second living area. Unit 2 is a first floor 900 square foot commercial space with display windows in front, and a full bath. This space could easily be turned into a studio apartment. Unit 3 is a two story 1200 square foot 3 bedroom, 1 bath apartment with an open concept living area.Bedrooms in both residential units are oversized. Could use an island to expand kitchen storage and countertop. An owner occupant could live in one side and rent out the two other units to cover the mortgage. Move right in! Tenants will love the updated interior finishes. This property has a new rubber roof, new windows, 2 new gas furnaces and air handlers, new electric re-wire, new kitchens and bathrooms, all new flooring (lifeproof vinyl planking and stainmaster 70 oz. carpet), New drywall and paint throughout. New Mini-split for Commercial space. New side porch floor and new concrete patio out back. Full basements for lots of storage and future site of laundry areas.There is an accessway built into the curbing near the back of the property for possible off street parking in the future. Must see this property to appreciate it. Lots of income potential. Current owner estimates possible income as follows:unit 1 - $1,500.00unit 2 - $1,000.00Unit 3 - $1,200.00Electric and Gas are separated out. Tenants pay electric and Gas, Owner pays water & sewer.*Square footage is estimatedExterior Bilco type basement door and Lockset on front door of Commercial space are on backorder and will be installed prior to settlement.Sellers will pay for a one year warranty on this property for the buyers up to $600.00

    Monthly Payment Calculator



    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Unlimited. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-01-25T19:51:34.27.
    www.thinkpahomes.com/homes/113129521
    Print Image

    101 W Penn Avenue CLEONA, PA 17042

    • Price: $345,000
    • Status: Pending
    • Updated: 35 min ago
    • ID#: PALN117402
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1930
    Built
    Neighborhood:
    Cleona Boro (13211)
    County:
    Lebanon
    Area:
    Cleona Boro (13211)
    School District:
    Annville-Cleona
    Property Description
    Great Investment opportunity! Beautifully updated 3 Unit investment property. Unit 1 is an 1800 square foot 3 level half a house with 3-5 bedrooms, 1.5 baths, open concept first floor. Space for a home office and/or second living area. Unit 2 is a first floor 900 square foot commercial space with display windows in front, and a full bath. This space could easily be turned into a studio apartment. Unit 3 is a two story 1200 square foot 3 bedroom, 1 bath apartment with an open concept living area.Bedrooms in both residential units are oversized. Could use an island to expand kitchen storage and countertop. An owner occupant could live in one side and rent out the two other units to cover the mortgage. Move right in! Tenants will love the updated interior finishes. This property has a new rubber roof, new windows, 2 new gas furnaces and air handlers, new electric re-wire, new kitchens and bathrooms, all new flooring (lifeproof vinyl planking and stainmaster 70 oz. carpet), New drywall and paint throughout. New Mini-split for Commercial space. New side porch floor and new concrete patio out back. Full basements for lots of storage and future site of laundry areas.There is an accessway built into the curbing near the back of the property for possible off street parking in the future. Must see this property to appreciate it. Lots of income potential. Current owner estimates possible income as follows:unit 1 - $1,500.00unit 2 - $1,000.00Unit 3 - $1,200.00Electric and Gas are separated out. Tenants pay electric and Gas, Owner pays water & sewer.*Square footage is estimatedExterior Bilco type basement door and Lockset on front door of Commercial space are on backorder and will be installed prior to settlement.Sellers will pay for a one year warranty on this property for the buyers up to $600.00
    Exterior Features

    Construction Materials Aluminum Siding Garage YN No Parking Types On Street Riparian Rights YN No Roof Rubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 4200.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 4200.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Association YN No Business Type Flex Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Electric Incorporated City Name Cleona Boro Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 304433844583 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 4181.00 Tax Assessment Amount 201600.00 Vacation Rental YN No Water Source Public Year Built Effective 2020 Zoning Cc Zoning Description Commercial Combinationmixed Commercial/Residential

    Listing courtesy of Howard Hanna Krall Real Estate.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Unlimited. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-01-25T19:51:34.27.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304433844583-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304433844583-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304433844583-2.jpg
    Logo
    Realty ONE Group Unlimited
    415 N. Prince St. Ste.100
    Lancaster PA, 17603