Welcome to 210 Wayne Ave, a remarkable 2-unit duplex nestled in an enviable location in Waynesboro, offering panoramic views of the charming town below. This vacant property is primed for immediate re-leasing, promising an attractive estimated rent of $1,300 per month for each unit. Boasting a true duplex design, all utilities, including water and sewer, are separately metered, ensuring tenants cover all utility expenses, enhancing the appeal for potential investors. The property is turn-key, ready to welcome tenants and start generating income without delay. An accompanying profit report reveals an impressive 10.2% Cap rate and a 14.4% cash on cash return, assuming conventional financing with 25% down, accounting for management fees, vacancy rates, taxes, insurance, and capital expenditures. For those considering self-management, the potential for increased cash flow is significant. An enticing aspect of this property is the opportunity for 'house hacking': living in one unit while renting the other could dramatically reduce living expenses, offering financial freedom and an investment in your future. Detailed projections for this scenario are available in a second report included with the listing. Flexible financing options are available, including FHA and USDA 0% down financing, making this an accessible investment for a wide range of buyers. Don't miss the chance to own this exceptional property, where convenience, potential, and financial savvy meet.
Sold for $185,000
Zillow last checked:
Listing updated:
Bought with:
Kim Mills, AB068344
Coldwell Banker Realty
Source: Bright MLS,MLS#: PAFL2018112
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2024 | Sold | $185,000-6.3%$89/sqft |
Source:  Bright MLS #PAFL2018112 Report a problem | ||
| 4/2/2024 | Pending sale | $197,500$95/sqft |
Source: Bright MLS #PAFL2018112 Report a problem | ||
| 3/8/2024 | Price change | $197,500-3.6%$95/sqft |
Source: Bright MLS #PAFL2018078 Report a problem | ||
| 2/3/2024 | Pending sale | $204,900$99/sqft |
Source: Bright MLS #PAFL2018078 Report a problem | ||
| 2/1/2024 | Listed for sale | $204,900$99/sqft |
Source: Bright MLS #PAFL2018112 Report a problem | ||
Sell for more on Zillow
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$229,900
2% more
+$4,598
With Zillow Showcase(estimated)
$234,498
