NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold August 02, 2024

Last sale price $250,000

Highlights

  • Traditional Architecture
  • Electric Baseboard Heater
  • Level Lot
  • 1 Fireplace

About This Home

As of August 2024

5 Apartments! Single family home with Two 2 bedroom units and One 3 bedroom unit. Separate building in rear of lot has Two 1 bedroom units. Seller wants sold "as is" and will discount for a quick cash sale. Property needs work and has deferred maintenance however all units rented and on yearly leases. Seller pays for water ($1,800), sewer & trash ($4,800), common electric ($1,200), insurance ($2,500) and taxes ($3,530). Expenses total $13,830. Tenants have separate electric meters and electric baseboard heat. Gross yearly income $40,200. Net yearly income $26,370. Present cap rate of 9.59. Could be considerable higher! See listing agent regarding showing details.

Last Agent to Sell the Property

Steve Hawbecker

RE/MAX Realty Associates License #RS103895A Listed on: 07/09/2024

RE/MAX Realty Associates

Last Buyer's Agent

Jason Bytof

Keller Williams of Central PA License #RS331808

Keller Williams of Central PA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,530

Year Built

  • Built in 1940

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot
  • Property is in below average condition

Home Design

  • Traditional Architecture
  • Block Foundation
  • Shingle Roof
  • Rubber Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • 3 Off-Street Spaces
  • On-Street Parking

Schools

  • East Pennsboro Area Middle School
  • East Pennsboro Area SHS High School

Utilities

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

Listing and Financial Details

  • The owner pays for sewer, trash collection, water, electricity, insurance, real estate taxes
  • Assessor Parcel Number 09-15-1291-137

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $13,830
  • Net Operating Income $26,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,530

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: washer, dryer, gas stove, shower stall and vanity in basement
  • Inclusions: 5 stoves and 4 refrigerators
  • New Construction: No
  • Expected On Market: 2024-07-15
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Remarks Public: 5 Apartments! Single family home with Two 2 bedroom units and One 3 bedroom unit. Separate building in rear of lot has Two 1 bedroom units. Seller wants sold "as is" and will discount for a quick cash sale. Property needs work and has deferred maintenance however all units rented and on yearly leases. Seller pays for water ($1,800), sewer & trash ($4,800), common electric ($1,200), insurance ($2,500) and taxes ($3,530). Expenses total $13,830. Tenants have separate electric meters and electric baseboard heat. Gross yearly income $40,200. Net yearly income $26,370. Present cap rate of 9.59. Could be considerable higher! See listing agent regarding showing details.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full, Walkout Level
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 136

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Roof: Shingle, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street, On Street
  • Off Street Parking Spaces: 3

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers, 200+ Amp Service, 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • Land Use Code: 202
  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Property Condition: Below Average
  • Year Assessed: 2024
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Sewer, Trash Collection, Water, Electricity, Insurance, Taxes - Real Estate
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 2587.00
  • Tax Annual Amount: 3530.00
  • Assessor Parcel Number: 09-15-1291-137
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 08/02/2024

Multi Family

  • Gross Income: 40200.00
  • Operating Expense: 13830.00

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
08/02/2024 08/02/24 Sold $250,000 -- --
07/07/2024 07/07/24 Pending -- -- --
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: PACB2032374

Bright MLS