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58 Pearl Street

Reedsville, PA 17084

– beds
– baths
1,340 sqft
7,841 sqft lot
$215 per sqft
1940 build

Nestled in the heart of Downtown Reedsville, this well maintained property presents a rare investment opportunity with multiple income streams. Boasting a versatile layout, the property features a spacious 3-bedroom/2-bathroom house, two charming one-bedroom apartments, and a generous six-car garage. The house commands a rental income of $925 per month, offering comfortable living spaces and modern amenities. Each one-bedroom apartment is currently leased at $675 per month, providing consistent rental yields. Additionally, the expansive garage, currently utilized by the owners, offers the potential for an additional $400 per month in rental income. Situated in Downtown Reedsville, tenants enjoy easy access to local amenities, churches, parks, restaurants and shops. The property has been well maintained, ensuring a hassle-free ownership experience and attracting quality, long-term tenants. New owners will benefit from stable rental income and capitalize on the growing demand for rental properties in the vibrant Reedsville community. With strategic upgrades and market trends favoring urban living, there's potential for property appreciation over time. Whether you're a seasoned investor or a first-time buyer, this turnkey property offers a seamless investment opportunity with minimal effort required. Don't miss out on this exceptional investment opportunity in Downtown Reedsville. Schedule a viewing today and secure your foothold in this thriving real estate market! Property is in flood zone. Owner is PA Licensed Real Estate Salesperson.

Listing courtesy of BRIGHT / Keller Williams Advantage Realty

Last checked: Checking… • Last updated May 2, 2024 •

MLS# PAMF2028644 —

The Building

Year Built:

1940
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Aluminum Siding
Structure Type:

Other
Architectural Style:

Traditional
Building Units Total:

4
Security Features:

Smoke Detector
Accessibility Features:

None
Foundation Details:

Block, Crawl Space, Stone
Total SqFt Source:

Assessor
Total Below Grade SqFt:

670
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

1340

Interior

Interior Features:

Attic, Breakfast Area, Carpet, Ceiling Fan(s), Dining Area, Formal/Separate Dining Room, Floor Plan - Traditional, Tub Shower, Window Treatments
Flooring Type:

Carpet, Laminate Plank, Vinyl
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2010
Living Area SqFt:

1,340 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional, FHA, VA
Possession:

Settlement

Location

Directions:

Hwy 322 to Reedsville Exit, turn left at traffic light, go straight through traffic light then bear right toward downtown Reedsville, turn left at traffic light onto Logan Street, travel two blocks to Pearl Street, turn right, see yard sign on right
Latitude:

40.66452000
Longitude:

-77.59377000

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Property Condition:

Very Good
Lot Size Units:

Square Feet
Lot Size Acres:

0.18
Lot Size Source:

Assessor
Lot Size Dimensions:

47.00 x 340.00
Lot Dimensions Source:

Assessor
Lot Features:

Level, Rear Yard
Lot SqFt:

7,841 Sqft
Inclusions:

home - kitchen appliances. Apts - kitchen appliances, washers and dryers
Exclusions:

Tenants personal items
Zoning:

RESIDENTIAL
Zoning Description:

Village Center
Road Surface Type:

Paved
Road Responsibility:

Boro/Township
View:

Street
Outdoor Living Structures:

Porch(es)
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

101
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

14 ,15-0523--,000
Tax Year:

2023
Tax Annual Amount:

$2,935
Tax Assessed Value:

$53,000
Year Assessed:

2023
School Tax:

1833.0
County Tax:

837.00
City/Town Tax:

265.00
Total Taxes Payment Frequency:

Annually

The Listing

Buyer's Brokerage Compensation:

2%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent
Remarks - Buyer Agency Compensation:

commission paid on net sales price after any seller concessions

Heating & Cooling

Cooling Type:

Ceiling Fan(s), Wall Unit, Window Unit(s)
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Baseboard - Electric, Hot Water
Heating Fuel:

Electric, Oil

Utilities

Utilities:

Cable TV Available, Phone Available, Water Available
Sewer/Septic:

Public Sewer
Electric Service:

200+ Amp Service, 100 Amp Service
Hot Water:

Electric
Water Source:

Public
Internet Services:

Cable

Appliances

Appliances:

Microwave, Oven/Range - Electric, Refrigerator

Schools

School District Name:

Mifflin County
School District Source:

Listing Agent

The Community

Pool:

No Pool
Spa:

No
Municipal Trash:

No

Parking

Garage:

No
Type of Parking:

Alley, On Street

Extra Units

# of Units:

3
Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

2
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/2/24 May 2, 2024	Pending	BRIGHT	$289,000
4/22/24 Apr 22, 2024	Listed / Active	BRIGHT	$289,000

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This multifamily located in Reedsville, PA 17084 is currently pending sale for $289,000. 58 Pearl Street is a 1,340 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Indian Valley Elementary/Intermediate School, Indian Valley Elementary School, Mifflin County High School, Mifflin County Junior High School, and Mifflin County Middle School.

Listing Courtesy of: BRIGHT and Keller Williams Advantage Realty.

The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. 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.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.