$499,990
$499,000
0.2%For more information regarding the value of a property, please contact us for a free consultation.
3,499 SqFt
SOLD DATE : 09/24/2021
Key Details
Sold Price $499,990
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,499 sqft
Price per Sqft $142
MLS Listing ID PAMC695580
Sold Date 09/24/21
Style Colonial
HOA Y/N N
Abv Grd Liv Area 3,499
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $6,963
Tax Year 2021
Lot Size 0.279 Acres
Acres 0.28
Lot Dimensions 71.00 x 0.00
Property Description
Four unit apartment building with brick construction, 4 newer gas boilers and washer/dryers in each apartment, 5 updated separate electric boxes. Fully rented with long term tenants. Ample off street private parking lot. Perfect unit mix: 2 first floor apartments with one and two bedrooms each, and 2 second floor apartments with one and three bedrooms each. Strong rental history with below market rents. Yearly income of $48,100 with estimated upside of 25% rental increase. Can be purchased individually or with the brick building next door (167 Main Street) for an 8 unit property! Perfect investment property.
Income & Expenses Unit Rent 171 A = $875 171 B = $1395 173 A = $870 173 B = $875 Rent $48,180 ($4,015/ month) Taxes $6924 Insurance $2029
Location
State PA
County Montgomery
Area Souderton Boro (10621)
Zoning C1
Rooms
Basement Full
Interior
Hot Water S/W Changeover
Heating Hot Water
Cooling None
Heat Source Oil
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Souderton Area
Others
Tax ID 21-00-04700-004
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jared M Moyer • Keller Williams Real Estate-Montgomeryville
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "