700 1St Street, Matamoras, PA 18336

$370,000
Property Type: Residential Income Bedrooms: 5 Baths: 3 Square Footage: 2,191 Status: Closed
Current Price: $370,000 List Date: 9/20/2024 Last Modified: 7/29/2025

Overview

Description

This 3 Family on double sized lot in highly desired Matamoras PA is a CASH COW!! Fully rented with great long term tenants. Raise rents to market values and you will be able to earn $10% Return on Investment. All apartments are two bedrooms each. Low Taxes just $5,116. Current low rents Gross $42,600 and net $33,400 after expenses. however raising market rents a reasonable $150 each would increase gross to $48,000 with Net income of $39,000 per year almost 10% Return on investment.

Listing Details MLS# PW-243016

General Property Information

Number Of Units Total
3
Bedrooms Total
5
Bathrooms Total
3
Bathrooms Full
3
Above Grade Finished Area
2191
Living Area
2191
Year Built
1950
Year Built Source
Public Records
New Construction YN
No
Lot Size Acres
0.11
Association YN
No
Waterfront YN
No
Water Body Name
None
Stories
2
Spa YN
No
List Price/SqFt
182.11
Sold Price/SqFt
168.87
Bathrooms Half
0
Below Grade Finished Area
0
Garage Spaces
0

Property Features

Appliances: Gas Oven; Gas Range; Refrigerator Architectural Style: Other Basement: Unfinished Cooling: None Current Financing: Conventional; FHA; VA Current Use: Multi-Family Electric: 100 Amp Service Exterior Features: Private Yard Flooring: Laminate Heating: Natural Gas Levels: Multi/Split Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Back Yard Owner Pays: Taxes; Water Parking Features: Driveway Patio And Porch Features: Front Porch Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Asphalt Tenant Pays: Electricity; Gas; Hot Water Water Source: Public

Contract Information

Listing Contract Date
2024-09-20
Property Sub Type
Multi Family
Property Attached YN
Yes
Listing Service
Full Service

Location Tax and Legal

Street Number
700
Street Name
1St
Street Suffix
Street
County
Pike
State
PA
Postal Code
18336
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
This 3 Family on double sized lot in highly desired Matamoras PA is a CASH COW!! Fully rented with great long term tenants. Raise rents to market values and you will be able to earn $10% Return on Investment. All apartments are two bedrooms each. Low Taxes just $5,116. Current low rents Gross $42,600 and net $33,400 after expenses. however raising market rents a reasonable $150 each would increase gross to $48,000 with Net income of $39,000 per year almost 10% Return on investment.

Status Change Information

Major Change Timestamp
2025-07-29T14:43:32Z
Major Change Type
Status Change
Purchase Contract Date
2024-11-11
Close Date
2025-07-28
Close Price
370000
Concessions
No
Buyer Financing
Conventional

More Information

Unit 1

Unit #
Yes
Actual Rent
1100
Security Deposit $
900
SqFt Total
820
Rooms Total
4
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 2

Unit #
2
Actual Rent
1350
Security Deposit $
1100
SqFt Total
820
Rooms Total
4
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 3

Unit #
3
Actual Rent
1100
Security Deposit $
900
SqFt Total
551
Rooms Total
3
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Meter Information

Number Of Separate Electric Meters
3
Number Of Separate Gas Meters
3

Location, Tax, and Legal

Municipality
Matamoras Borough - 07
High School District
Delaware Valley
County Tax Amount
661.99
Municipal Tax Amount
860.93
School Tax Amount
3230.46
Tax Annual Amount
5116.28
Tax Year
2024
Tax Assessed Value
26490
Parcel Number
083.06-02-17 007736
Zoning
Residential
Tax Book Number
2697/2265

Appliances

Gas Oven
Yes
Gas Range
Yes
Refrigerator
Yes

Architectural Style

Other
Yes

Basement

Unfinished
Yes

Cooling

None
Yes

Current Financing

Conventional
Yes
FHA
Yes
VA
Yes

Current Use

Multi-Family
Yes

Electric

100 Amp Service
Yes

Exterior Features

Private Yard
Yes

Flooring

Laminate
Yes

Heating

Natural Gas
Yes

Levels

Multi/Split
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Lot Features

Back Yard
Yes

Parking Features

Driveway
Yes

Patio And Porch Features

Front Porch
Yes

Road Responsibility

Public Maintained Road
Yes

Road Surface Type

Paved
Yes

Roof

Asphalt
Yes

Water Source

Public
Yes

Owner Pays

Taxes
Yes
Water
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Hot Water
Yes

Documents

Listing Office: Orange-West Realty Inc.
Last Updated: July - 29 - 2025
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. 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. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.
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