NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
3,920 Sq Ft Lot

Last Sold July 10, 2020

Last sale price $220,000

577 Days on Market

Highlights

  • Traditional Architecture
  • Back and Side Yard
  • Replacement Windows
  • No HOA
  • Hot Water Heating System
  • 2-minute walk to West Fairview Park

About This Home

As of July 2020

Turnkey 4-unit, Fully Rented Investment Property! This Highly Visible, Easily Accessible Apartment House is conveniently located and Fully Rented - 2 of the 4 Tenants have been there over 10 Years! Take the Keys and begin enjoying the Investment Income with an Attractive Cap Rate. A Great Choice for New or Seasoned Investors!

Last Agent to Sell the Property

Dale E. Stipe

Coldwell Banker Realty Listed on: 10/19/2018

Coldwell Banker Realty

Last Buyer's Agent

Srilakshmi Kulkarni

Cavalry Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,762

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Back and Side Yard
  • Property is in good condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • Replacement Windows
  • Fire Escape

Laundry

  • Electric Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Natural lighting in basement

Parking

  • On-Street Parking
  • Off-Street Parking

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • Exterior Lighting
  • Outbuilding

Schools

  • East Pennsboro Area SHS High School

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for all utilities
  • Assessor Parcel Number 45-17-1044-245

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $1,000
  • Maintenance Expense $800
  • Trash Expense $2,356
  • Operating Expense $11,253
  • Gross Income $29,400
  • Net Operating Income $18,507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,762

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2018-10-19
  • Year Built: 1920
  • Remarks Public: Turnkey 4-unit, Fully Rented Investment Property! This Highly Visible, Easily Accessible Apartment House is conveniently located and Fully Rented - 2 of the 4 Tenants have been there over 10 Years! Take the Keys and begin enjoying the Investment Income with an Attractive Cap Rate. A Great Choice for New or Seasoned Investors!
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Washer, Dryer - Electric
  • Window Features: Replacement
  • Basement: Yes
  • Basement Type: Daylight, Full, Unfinished, Walkout Level
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1105

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Exterior Lighting, Fire Escape, Outbuilding(s), Sidewalks, Street Lights
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Previous Twelve Months Electric Expense: 3571.00
  • Electric Service: 200+ Amp Service
  • Gas Prev12 Months: 1366.00
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Previous Twelve Months: 1340.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: EAST PENNSBORO AREA
  • High School: EAST PENNSBORO AREA SHS
  • High School Source: Listing Agent
  • School District Key: 300200396456
  • School District Source: Listing Agent
  • High School: EAST PENNSBORO AREA SHS

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 146300.00
  • Land Assessed Value: 22300.00
  • Lot Features: Rear Yard, Road Frontage, Sideyard(s)
  • Lot Size Acres: 0.09
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3920.00
  • Property Condition: Good
  • Year Assessed: 2017
  • Zoning: COMMERCIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: All Utilities
  • Total Actual Rent: 29400.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11086050
  • School Tax: 2087.00
  • Tax Annual Amount: 2762.00
  • Assessor Parcel Number: 45-17-1044-245
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 07/10/2020

Multi Family

  • Gross Income: 29760.00
  • Gross Scheduled Income: 29400.00
  • Operating Expense: 11253.00

MLS Schools

  • School District Name: EAST PENNSBORO AREA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2020 07/10/20 Sold $220,000 0.0% --
05/19/2020 05/19/20 Pending -- -- --
04/06/2020 04/06/20 Price Changed $220,000 -6.3% --
04/03/2020 04/03/20 For Sale $234,900 +6.8% --
03/31/2020 03/31/20 Off Market $220,000 -- --
08/02/2019 08/02/19 For Sale $234,900 +6.8% --
07/31/2019 07/31/19 Off Market $220,000 -- --
07/05/2019 07/05/19 For Sale $234,900 +6.8% --
06/30/2019 06/30/19 Off Market $220,000 -- --
06/03/2019 06/03/19 For Sale $234,900 +6.8% --
05/31/2019 05/31/19 Off Market $220,000 -- --
04/10/2019 04/10/19 Price Changed $234,900 -2.1% --
12/04/2018 12/04/18 Price Changed $239,900 -2.1% --
10/19/2018 10/19/18 For Sale $245,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1009913880

Bright MLS