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Key Details
Sold Price $365,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,881 sqft
Price per Sqft $94
MLS Listing ID PABK355930
Sold Date 07/31/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1945
Annual Tax Amount $5,496
Tax Year 2019
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 0.00 x 0.00
Property Description
Wow! Here's a great 5-unit investment opportunity with a low-maintenance building exteriors. You could also live in the front, detached dwelling and then have your own 4-unit apartment building to the rear! This property consists of two buildings, one of which has a 4 BR Cape Cod dwelling and the other building consisting of two (2) - 1 BR apartments and two (2) - 2 BR apartments. Rents are Cape Cod #1 @ $850/month; #2 @ $725/month; #3 @ $525/month; #4 @ $625/month; and #5 @ $725/month. These rents are below market value, so there's room to grow with the possible projected rents: Cape Cod #1 @ $1,195/month; #2 @ $795/month; #3 @ $650/month; #4 @ $695/month; and #5 @ $795/month. Four of the five tenants are long-term making this a solid investment. Tenants take care of lawn maintenance and snow removal. Owner pays sewer, trash, electric for lighting and well pump. All roofing has recently been replaced in 2020, with GAF lifetime shingles. Multi-unit, income-producing properties are very hard-to-find anymore, so this property will go fast! NOTE - Seller is a PA licensed real estate agent and is also the listing agent for this property. Unless wearing gloves, follow proper sanitizing protocol by wiping down any areas possibly compromised by touching (i.e., door knobs, locks, handles, and etc), prior to leaving the dwelling. Overall condition is Excellent. Each person MUST complete, sign, and forward the COVID-PAN and COVID-HAS forms to the listing office, prior to entering the property. All showings MUST follow COVID-19 guidelines. No more than three (3) persons total, one of which is the agent, are permitted in the property at a time. It is mandatory that masks MUST be worn by every person entering the property. Unless wearing gloves, follow proper sanitizing protocol by wiping down any areas possibly compromised by touching (i.e., door knobs, locks, handles, and etc), prior to leaving the dwelling. Thank you.
Location
State PA
County Berks
Area Bechtelsville Boro (10226)
Zoning R-2 RESIDENTIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Oil
Exterior
Garage Spaces 3.0
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Well
New Construction N
Schools
High Schools Boyertown Area Senior
School District Boyertown Area
Others
Tax ID 26-5398-09-15-0927
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Bought with Michael A Ballato • VRA Realty
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Marc DiFrancesco
Real Estate Advisor & Licensed Agent | License ID: 2183327
Real Estate Advisor & Licensed Agent License ID: 2183327