$815,000
$949,900
14.2%For more information regarding the value of a property, please contact us for a free consultation.
5,234 SqFt
SOLD DATE : 05/27/2022
Key Details
Sold Price $815,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,234 sqft
Price per Sqft $155
MLS Listing ID PAMC2010126
Sold Date 05/27/22
Style Cape Cod
Abv Grd Liv Area 5,234
Originating Board BRIGHT
Year Built 1937
Annual Tax Amount $7,387
Tax Year 2022
Lot Size 0.388 Acres
Acres 0.39
Lot Dimensions 100.00 x 0.00
Property Description
This Hatfield Borough 4 unit offers a lucrative investment opportunity generating over $71,750 per year. This property includes (1) Four Bedroom Cape Cod Home, (2) Three bedroom units, and (1) Five bedroom unit. The Cape Cod style home that faces Penn Ave was the original home, while the 3 units were added in 2008/2009. All units are currently rented. The property includes a large 9 car paved parking area for tenants as well as on street parking. Each unit has it's own designated storage area, and a pay for laundry access in the basement. All units are in good to excellent condition and many tenants have been long term. Unit A is a 4 bedroom Cape Cod is rented by 4 individuals all with separate leases totaling $2350 per month. (owner pays these additional utilities on this unit only. Average monthly bills - Electric is $150 - Oil is $140). Unit B is a first floor 3 Bed/ 1.5 Bath unit and rents for $1125/month. (all electric and paid by tenant). Unit C is a first floor 3 Bed / 1 Bath unit and rents for $995/month. (all electric and paid by tenant). Unit D is a 2nd floor 5 Bedroom / 2 Full Bath unit and rents for $1495/month. (all electric and paid by tenant). The following items are avg. monthly costs paid by the owner and cover the total 4 units. Water $82 - Sewer $134 - Trash $82 - Insurance $263 - Taxes $580 - Maintenance/Repairs $480. Some of the current rents are below current market value. Schedule a showing today!
Location
State PA
County Montgomery
Area Hatfield Boro (10609)
Zoning R3
Rooms
Basement Unfinished, Walkout Stairs, Side Entrance, Interior Access
Interior
Hot Water Electric
Heating Baseboard - Electric, Baseboard - Hot Water
Cooling Window Unit(s)
Fireplace N
Heat Source Oil, Electric
Exterior
Garage Spaces 9.0
Waterfront N
Water Access N
Roof Type Shingle,Pitched
Street Surface Black Top
Accessibility 2+ Access Exits
Road Frontage Boro/Township
Total Parking Spaces 9
Garage N
Building
Lot Description Level
Sewer Public Sewer
Water Public
Architectural Style Cape Cod
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District North Penn
Others
Tax ID 09-00-01480-005
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 Jeffrey P Silva • Keller Williams Real Estate-Blue Bell
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "