$640,000
$695,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 07/26/2021
Key Details
Sold Price $640,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PABK377816
Sold Date 07/26/21
Style Colonial
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,861
Tax Year 2020
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 0.00 x 0.00
Property Description
This is an incredible, suburban, income-producing NINE (9!) unit property with a 14 car parking lot and a HUGE shed/barn-like structure (38x40) that is not currently rented (but could be for additional income). Also note, each unit has a storage locker in the basement, which is included in the monthly rent (again, these lockers could be income sources should the new landlord want to charge for them). Each unit also has a washer and dryer hookup (appliances are tenant-owned) in the basement. There are separate electric meters and hot water heaters for each unit (tenant pays electric and cable). The roof was replaced in 2019 and the two cast-iron boilers are only 8 years old. Gross operating income is $93,600/A. Expenses run approximately $36,000/A, including taxes, insurance, trash, water/sewer, cleaning/maintenance, credit checks, permits/fees, repairs, and utilities (oil & owner's electrical meter. Cap rate 8% with loads of potential for even higher ROI.
Location
State PA
County Berks
Area Bernville Boro (10229)
Zoning TOWN CENTER
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling None
Heat Source Oil
Exterior
Garage Spaces 14.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 14
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Tulpehocken Area
Others
Tax ID 29-4450-11-55-4073
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Martin A Yourkavitch • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "