25 W Penn Ave, Cleona, PA 17042

$305,950
: 2,645
SqFt

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List Price: $305,950
Days on Market: 11
Status: ACTIVE
MLS#: PALN2028368
Living Area: 2,645
Lot Size (Acres): 0.16
Style: Traditional
Year Built: 1900
County: Lebanon
School District: Annville-Cleona

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Property Description

Here’s a great opportunity to add a two-unit property in the Annville-Cleona School District to your investment portfolio—or live in one unit while the other helps offset your expenses. Both units offer 2 bedrooms with separate basement and attic access, giving each unit plenty of additional storage. Washer and dryer connections are located in the basement of each unit. The property features efficient gas forced-air heat, and the systems have been regularly serviced. The front unit also offers the added comfort of central air. The front unit is currently vacant after the tenant recently moved out, giving the new owner flexibility to choose their own tenant, set a new rental rate, or potentially occupy the unit themselves. The rear unit is currently rented for $1,100 per month, providing income from day one. There are also two garage spaces, adding even more income potential. One garage is currently rented for $75 per month, while the second garage is available. The available garage could be included with the front unit for an additional monthly rental amount or rented separately to generate another stream of income. Whether you're looking to expand your rental portfolio or considering an owner-occupied investment, this property offers flexibility, multiple income opportunities and plenty of potential in the Annville-Cleona School District.

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Additional Information

Area: Cleona Boro (13211)
Subdivision: None Available
Taxes: $3414
Interior Features: Attic, Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Pantry, Walk-in Closet(s)
School District: Annville-Cleona
Garage: Yes
Garage Spaces: 2
Heating: Forced Air
Heating Fuel: Natural Gas
Cooling: Ceiling Fan(s), Central A/C
Roof: Metal
Water: Public
Sewer: Public Sewer