$475,000
$500,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
7,224 SqFt
SOLD DATE : 08/19/2022
Key Details
Sold Price $475,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,224 sqft
Price per Sqft $65
MLS Listing ID PAMC2037842
Sold Date 08/19/22
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $9,566
Tax Year 2021
Lot Size 2.100 Acres
Acres 2.1
Lot Dimensions 188.00 x 0.00
Property Description
Great investment opportunity with 4 residential apartments and 3 commercial spaces for a total of 7 units. The property is fully rented at lower than market rents. There is a large parking lot and it sits on a little over 2 acres. The owner pays all utilities on 5 of the units and 2 units pay their own except sewer. The property is being sold AS IS. Income and expenses are as follows: total income $56,460 - Sewer $3,200, Insurance $2,390, Taxes $9,566, Electric $4,584, Gas $2,808, Trash $1,536. Net operating income is $32,376. Lots of potential here!
Location
State PA
County Montgomery
Area Douglass Twp (10632)
Zoning R2
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Flooring Carpet, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 24.0
Waterfront N
Water Access N
Roof Type Asphalt,Flat,Shingle
Street Surface Black Top
Accessibility None
Total Parking Spaces 24
Garage N
Building
Foundation Block, Stone
Sewer Public Sewer
Water Well
New Construction N
Schools
School District Boyertown Area
Others
Tax ID 32-00-06696-004
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Vijay Peethambaram • Tesla Realty Group, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "