$279,000
Lake Ariel, PA 18436
MLS# PW-260054
Status: Closed
4 beds | 2 baths | 1000 sqft
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Property Description
Rare opportunity to purchase an updated 2 unit income producing property set on 1.26 acres in Lake Ariel. Beautiful yard, flat, with a nice view. Rural setting, close to groceries, pharmacy etc. No community, plenty of parking. New roof 2021, new septic 2022, new water filtration system put in last year. The apartment on the left was completely renovated in 2022. New bath, flooring, paint etc. Appliances 2022. Exterior of the home was power washed 2025. Full basement which the tenants share. There are washer dryer hook ups in place. There is room to add another rental income property, a mobile home a garage or expand the existing property. Both units rented to reliable long term tenants. One has a lease, one does not. Property is realtor owned.
Details
Contract Information
Current Price: $279,000
Sold Price: $279,000
Status: Closed
Listing Contract Date: 2026-01-12
Property Sub Type: Multi Family
Listing Service: Full Service
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Bedrooms Total: 4
Bathrooms Total: 2
Bathrooms Full: 2
Above Grade Finished Area: 1000
Below Grade Finished Area: 1224
Living Area: 1000
Year Built: 1910
Year Built Source: Public Records
New Construction YN: No
Garage YN: No
Open Parking Spaces: 6
Parking Total: 6
Lot Size Acres: 1.27
Land Lease YN: No
Association YN: No
View YN: Yes
Waterfront YN: No
Water Body Name: None
Basement YN: Yes
Furnished: Unfurnished
Stories: 2
Spa YN: No
Senior Community YN: No
Rent Control YN: No
List Price/SqFt: 279
Sold Price/SqFt: 279
Remarks and Miscellaneous
Public Remarks: Rare opportunity to purchase an updated 2 unit income producing property set on 1.26 acres in Lake Ariel. Beautiful yard, flat, with a nice view. Rural setting, close to groceries, pharmacy etc. No community, plenty of parking. New roof 2021, new septic 2022, new water filtration system put in last year. The apartment on the left was completely renovated in 2022. New bath, flooring, paint etc. Appliances 2022. Exterior of the home was power washed 2025. Full basement which the tenants share. There are washer dryer hook ups in place. There is room to add another rental income property, a mobile home a garage or expand the existing property. Both units rented to reliable long term tenants. One has a lease, one does not. Property is realtor owned.
Status Change Information
Major Change Timestamp: 2026-03-25T15:42:45Z
Major Change Type: Status Change
Purchase Contract Date: 2026-01-17
Close Date: 2026-03-25
Close Price: 279000
Concessions: Yes
Buyer Financing: VA
Concessions Amount: 6000
Entry Information
Entry Level: 4
Income and Expenses
Annual Total Expense: 7188
Insurance Expense: 2875
Total Actual Rent: 2200
Water Expense: 540
Unit 1
Unit #: 1
Actual Rent: 1200
Security Deposit $: 1150
SqFt Total: 500
Baths Total: 1
Beds Total: 2
Rooms Total: 4
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: Newly updated
Unit 2
Unit #: 2
Actual Rent: 1000
SqFt Total: 500
Baths Total: 1
Beds Total: 2
Rooms Total: 4
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Meter Information
Number Of Separate Electric Meters: 3
Location Tax and Legal
Street Number: 1309-1311
Street Name: Golf Park
Street Suffix: Drive
County: Wayne
State: PA
Postal Code: 18436
Subdivision Name: None
Property Features
Appliances: Dishwasher; Electric Oven; Electric Water Heater; Free-Standing Electric Oven; Free-Standing Electric Range; Free-Standing Refrigerator; Refrigerator; Self Cleaning Oven; Vented Exhaust Fan; Water Heater; Water Purifier
Architectural Style: Duplex Side by Side
Basement: Block; Concrete; Daylight; Full; Interior Entry; Storage Space; Unfinished
Common Walls: 1 Common Wall
Community Features: None
Construction Materials: Attic/Crawl Hatchway(s) Insulated; Block; Vinyl Siding
Cooling: Ceiling Fan(s); Separate Meters
Current Financing: Conventional
Current Use: Multi-Family; Residential
Electric: 200+ Amp Service
Exterior Features: Garden; Private Entrance; Private Yard; Rain Gutters
Financial Data Source: Owner
Flooring: Carpet; Vinyl
Foundation Details: Block; Combination
Heating: Baseboard; Electric; Oil; Propane; Separate Meters; Varies by Unit
Income Includes: Rent Only
Laundry Features: Electric Dryer Hookup; In Basement; Washer Hookup
Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan
Lot Features: Back Yard; Cleared; Front Yard; Landscaped; Not In Development; Views; Wooded
Operating Expense Includes: Insurance; Mortgage/Loans; Other
Owner Pays: Insurance; Taxes; See Remarks
Parking Features: Accessible Parking; Driveway; Gravel; Off Street; On Site; Open; Outside
Patio And Porch Features: Rear Porch
Possession: Close Of Escrow
Property Condition: Updated/Remodeled
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Shingle
Sewer: Mound Septic
Structure Type: Multi Family
Tenant Pays: All Utilities; Cable TV; Electricity; Hot Water; Trash Collection
Utilities: Cable Connected; Electricity Connected; Natural Gas Not Available; Water Connected; Propane
View: Pasture; Pond; Rural; Trees/Woods
Water Source: Well
Listing Office: RE/MAX Best
Last Updated: March - 25 - 2026
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