$253,000
$250,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
3,672 SqFt
SOLD DATE : 11/02/2018
Key Details
Sold Price $253,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $68
Subdivision Obelisk
MLS Listing ID 1005698276
Sold Date 11/02/18
Style Other
HOA Y/N N
Abv Grd Liv Area 3,672
Originating Board TREND
Year Built 1875
Annual Tax Amount $4,781
Tax Year 2018
Lot Size 1.901 Acres
Acres 1.9
Lot Dimensions 148
Property Description
YES! A 7.7 CAP RATE! 4 UNITS totally occupied. One unit is a spacious 2 bedroom/2 bath while the other three are 1 Bedroom/1 Bath. Tenants love the country setting especially since it's just a short drive to 3 major highways and close to Green Lane Park (for outdoor activities). A new septic system was installed in 2009. The flat roof was replaced in 2012 and the main roof was just replaced in 2018. There is a laundry facility on site. Owner pays Oil heat, Propane hot water, garbage and owner's electric. Tenant pays propane (cooking) and electric. All tenants are on month to month leases, so owner occupancy is a nice option. If you live in the 2 Bedroom, income from the other 3 units would cover your taxes, insurance and still bring in 1,000/month! Lot size is almost 2 acres and if you or one of the tenants agrees to take care of it, your cap rate is even higher!
Location
State PA
County Montgomery
Area Upper Frederick Twp (10655)
Zoning R80
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Interior Features Ceiling Fan(s)
Hot Water Propane
Heating Oil, Hot Water, Radiator
Cooling None
Flooring Fully Carpeted, Vinyl, Laminated
Fireplace N
Window Features Replacement
Heat Source Oil
Laundry Has Laundry
Exterior
Garage Spaces 8.0
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 8
Garage N
Building
Foundation Stone
Sewer On Site Septic
Water Well
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
High Schools Boyertown Area Jhs-East
School District Boyertown Area
Others
Tax ID 55-00-01117-007
Ownership Fee Simple
Acceptable Financing Conventional, VA, FHA 203(k), FHA 203(b)
Listing Terms Conventional, VA, FHA 203(k), FHA 203(b)
Financing Conventional,VA,FHA 203(k),FHA 203(b)
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Edwin J Brooks • Brode & Brooks Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "