259 Terrace Street, Honesdale, PA 18431
$230,000
Property Type:
Residential Income
Bedrooms:
4
Baths:
2
Square Footage:
1,784
Status:
Pending
Current Price:
$230,000
List Date:
3/27/2025
Last Modified:
4/08/2025
Description
HONESDALE - 2 FAMILY RESIDENCE
FULLY OCCUPIED - $230,000 - Be first to inspect this 2-Unit Multi-Family property with great convenient location. A fantastic investment opportunity! This property features 2 well-maintained units with separate entrances, plenty of space and functionality. The lower unit offers new floors, fresh paint, 2 bedrooms, 1 bath, walk in closet, living room, kitchen, ample storage space, and side entrance. The upstairs unit has 2 bedrooms, 1 bath, living room, kitchen,
and front entrance with stairs. Includes off street dedicated parking- 2 spaces per
unit. Located minutes to downtown Honesdale and schools, it's a must-see. Both
units are occupied.
More Information MLS# PW-250721
Contract Information
Current Price: $230,000
List Price: $230,000
Status: Pending
Listing Contract Date: 2025-03-27
Property Sub Type: Multi Family
Property Attached YN: No
Lock Box Number: 31377829
Listing Service: Full Service
Location Tax and Legal
Street Number: 259
Street Name: Terrace
Street Suffix: Street
County: Wayne
State: PA
Postal Code: 18431
Subdivision Name: None
General Property Information
Number Of Units Total: 2
Bedrooms Total: 4
Bathrooms Total: 2
Bathrooms Full: 2
Above Grade Finished Area: 920
Below Grade Finished Area: 864
Living Area: 1784
Year Built: 1869
Year Built Source: Public Records
New Construction YN: No
Garage YN: No
Open Parking Spaces: 4
Parking Total: 4
Lot Size Acres: 0.27
Association YN: No
Waterfront YN: No
Water Body Name: None
Basement YN: Yes
Stories: 2
List Price/SqFt: 128.92
Remarks and Miscellaneous
Public Remarks: HONESDALE - 2 FAMILY RESIDENCE
FULLY OCCUPIED - $230,000 - Be first to inspect this 2-Unit Multi-Family property with great convenient location. A fantastic investment opportunity! This property features 2 well-maintained units with separate entrances, plenty of space and functionality. The lower unit offers new floors, fresh paint, 2 bedrooms, 1 bath, walk in closet, living room, kitchen, ample storage space, and side entrance. The upstairs unit has 2 bedrooms, 1 bath, living room, kitchen,
and front entrance with stairs. Includes off street dedicated parking- 2 spaces per
unit. Located minutes to downtown Honesdale and schools, it's a must-see. Both
units are occupied.
Inclusions: 2 stoves, 2 refrigerators owned by landlord
Status Change Information
Major Change Timestamp: 2025-04-08T16:53:24Z
Major Change Type: Status Change
Purchase Contract Date: 2025-04-08
Income and Expenses
Annual Total Expense: 7677.93
Insurance Expense: 873
Licenses Expense: 100
Maintenance Expense: 750
Net Operating Income: 16022.07
Sewer Expense: 1355.4
Water Expense: 843.96
Unit 1
Unit #: 1A
Actual Rent: 1100
SqFt Total: 800
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 2
Unit #: 1B - 2nd Floor
Actual Rent: 875
SqFt Total: 700
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Property Features
Appliances: Dishwasher; Electric Oven; Electric Range; Refrigerator
Architectural Style: Colonial
Basement: Concrete; Full; Unfinished
Construction Materials: Aluminum Siding; Vinyl Siding
Cooling: Ceiling Fan(s)
Current Use: Multi-Family
Electric: 200+ Amp Service
Flooring: Carpet; Linoleum; Vinyl
Foundation Details: Stone
Heating: Baseboard; Electric
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Two
Listing Terms: Cash; Conventional
Operating Expense Includes: Insurance; Licenses; Maintenance; Snow Removal; Trash; Water/Sewer
Owner Pays: Insurance; Repairs; Sewer; Snow Removal; Taxes; Trash Collection; Other
Parking Features: Driveway; Off Street
Patio And Porch Features: Patio
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt; Paved
Roof: Asphalt; Shingle
Sewer: Public Sewer
Structure Type: Multi Family
Tenant Pays: Electricity; Gas; Sewer; Trash Collection; Other
Utilities: Cable Available; Electricity Available; Sewer Available; Water Available
Water Source: Public
Window Features: Insulated Windows
Documents
Lead-Based Paint Hazards Disclosure ›Listing Office: Davis R. Chant Honesdale
Last Updated: April - 08 - 2025
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