$300,000
SOLD MAY 26, 2022
-- Bed
-- Bath
6,750 Sq Ft
0.57 Acres

Recently Sold

$44 Per Sq Ft

20% Above List Price

3 Days on Market

About This Home

As of May 2022

Your opportunity to own a turn-key 5 unit investment Property with even more potential! All units are currently rented to qualified tenants! Many updates have been made to this property. This property features (1) commercial unit, (1) 2 bedroom unit, (2) 1 Bedroom units, and (1) garage rental. There is the possibility to add additional units to the basement level.

Last Agent to Sell the Property

Benjamin Espenshade

Keller Williams of Central PA Listed on: 05/02/2022

Keller Williams of Central PA

Last Buyer's Agent

Jon Judson

Century 21 Realty Services

Century 21 Realty Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,627

Year Built

  • Built in 1950 | Remodeled in 2011

Lot Details

  • 0.57 Acre Lot

Home Design

  • 6,750 Sq Ft Home
  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces
  • Parking Lot

Schools

  • East Pennsboro Area SHS High School

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for real estate taxes, sewer, trash collection, water
  • Tax Lot 18-16
  • Assessor Parcel Number 09-15-1291-049

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • Gross Income $28,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,627

Year Built

Built in 1950 | Remodeled in 2011

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Year Renovated: 2011
  • Automatically Close On Close Date: No
  • Remarks Public: Your opportunity to own a turn-key 5 unit investment Property with even more potential! All units are currently rented to qualified tenants! Many updates have been made to this property. This property features (1) commercial unit, (1) 2 bedroom unit, (2) 1 Bedroom units, and (1) garage rental. There is the possibility to add additional units to the basement level.
  • Special Features: None

Interior Features

  • Foundation Details: Block
  • Total Sq Ft: 6750
  • Living Area Sq Ft: 6750
  • Price Per Sq Ft: 37.04
  • Above Grade Finished Sq Ft: 6750
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 18

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: 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: 15
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 15

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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

Lot Info

  • Land Use Code: 319
  • Lot Size Acres: 0.57
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 24829.00
  • Year Assessed: 2022
  • Zoning: COMMERCIAL LIMITED

Rental Info

  • Existing Lease Type: Long Term
  • Owner Pays: Taxes - Real Estate, Sewer, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 28500.00
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 2745.00
  • Tax Annual Amount: 3627.00
  • Assessor Parcel Number: 09-15-1291-049
  • Tax Lot: 18-16
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 05/26/2022

Multi Family

  • Gross Scheduled Income: 28500.00

MLS Schools

  • School District Name: EAST PENNSBORO AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2022
Closed on
May 25, 2022
Sold by
John Adams Investments Llc
Bought by
Strong Tower Holdings Llc
Seller's Agent
Benjamin Espenshade
Keller Williams of Central PA
Buyer's Agent
Jon Judson
Century 21 Realty Services
List Price
$250,000
Sold Price
$300,000
Premium/Discount to List
$50,000
20%
Current Estimated Value
$350,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,996
Avg. Annual Appreciation
4.52%

Purchase Details

Closed on
Jul 8, 2011
Sold by
Cumberland Dance Co Inc
Bought by
John Adams Investments Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $300,000 Martson Law Offices
Warranty Deed $200,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $320,000 New Conventional
Previous Owner $320,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2022 05/26/22 Sold $300,000 +20.0% $44 / Sq Ft
05/05/2022 05/05/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $250,000 -- $37 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,335 $210,000 $85,500 $124,500
2024 $4,089 $210,000 $85,500 $124,500
2023 $3,857 $210,000 $85,500 $124,500
2022 $3,627 $210,000 $85,500 $124,500
2021 $3,565 $210,000 $85,500 $124,500
2020 $3,482 $210,000 $85,500 $124,500
2019 $3,440 $210,000 $85,500 $124,500
2018 $3,401 $210,000 $85,500 $124,500
2017 $3,255 $210,000 $85,500 $124,500
2016 -- $210,000 $85,500 $124,500
2015 -- $210,000 $85,500 $124,500
2014 -- $210,000 $85,500 $124,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACB2010666

Bright MLS

APN: 09-15-1291-049