NOT LISTED FOR SALE

2503 Swamp Pike Pottstown, PA 19464

-- Bed
-- Bath
5,001 Sq Ft
1.08 Acres

Last Sold November 17, 2021

Last sale price $385,000 $77 Per Sq Ft

Highlights

  • Barn
  • 1.08 Acre Lot
  • Colonial Architecture
  • Panoramic View
  • Open Floorplan
  • Deck

About This Home

As of November 2021

Large 6 Unit 1 acre property, fully rented and ready for its next owner. This farmhouse has 5 happy tenants and one barn rented out for storage. The property itself is zoned Convenience Commercial, which is fundamentally your typical commercial zoning (See zoning description for details). Excellent CAP rate! See Profit and Loss math below. High income producing property w/extremely low bills & great POSITIVE cash-flow. Very low maintenance w/great on-time paying tenants in place. Rent income produces $1,900+ positive cash-flow per month or $23K+ per year after all expenses! ALL utilities separated, PUBLIC SEWER AND PRIVATE WELL. Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Sewer/Trash/Common Lights/Gas to heat the laundry room ($5,078/year) Insurance ($1,910/year) & Taxes ($6,424/year). Unit 1 (1BR) $500/mo ($6,000/year). Unit 2 (2BR) $700/mo ($8,400/year). Unit 3 (1BR) $600/mo ($7,200/year). Unit 4 $500/mo (1BR) ($6,000/yr). Unit 5 $450/mo (1BR) ($5,400/yr). Unit 6 $300/mo (Storage Barn) ($3,600/yr). P&L Math: Rents:500+700+600+500+450+300 =$3,050 per month gross income. $3,050x12 (months) = $36,600 -$5,078(Sewer/Trash/Common Lights/Gas) -$1,910 (Insurance) -$6,424 Taxes = $23,188 positive cash flow.

Last Agent to Sell the Property

Gregory Martire

(484) 997-8068 GregoryMartire@gmail.com Springer Realty Group License #RS225353L Listed on: 08/09/2021

Springer Realty Group

Last Buyer's Agent

Joseph Rizzo

(610) 203-1656 joe@dyernixonteam.com Dyer Nixon Property Management License #RM426152

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,584

Year Built

  • Built in 1900 | Remodeled in 2010

Lot Details

  • 1.08 Acre Lot
  • Lot Dimensions are 230.00 x125.00
  • Premium Lot
  • Corner Lot
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Backs to Trees or Woods
  • Back, Front, and Side Yard

Property Views

  • Panoramic
  • Scenic Vista

Home Design

  • Colonial Architecture
  • Farmhouse Style Home
  • Brick Exterior Construction
  • Pitched Roof
  • Metal Roof
  • Masonry

Interior Spaces

  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Dining Area
  • Carpet
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub with Shower
  • Walk-in Shower

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 20 Parking Spaces
  • 20 Driveway Spaces
  • Gravel Driveway

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Wrap Around Porch

Schools

  • Boyertown Middle School
  • Boyertown Area Senior High School

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • Well
  • Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • Suburban Location
  • Barn

Listing and Financial Details

  • The owner pays for insurance, sewer, trash collection
  • Tax Lot 032
  • Assessor Parcel Number 47-00-07112-005

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building
  • Fagleysville Subdivision

Building Details

  • Insurance Expense $160
  • Trash Expense $115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,584

Year Built

Built in 1900 | Remodeled in 2010

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial, Farmhouse/National Folk
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Year Renovated: 2010
  • Automatically Close On Close Date: No
  • Remarks Public: Large 6 Unit 1 acre property, fully rented and ready for its next owner. This farmhouse has 5 happy tenants and one barn rented out for storage. The property itself is zoned Convenience Commercial, which is fundamentally your typical commercial zoning (See zoning description for details). Excellent CAP rate! See Profit and Loss math below. High income producing property w/extremely low bills & great POSITIVE cash-flow. Very low maintenance w/great on-time paying tenants in place. Rent income produces $1,900+ positive cash-flow per month or $23K+ per year after all expenses! ALL utilities separated, PUBLIC SEWER AND PRIVATE WELL. Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Sewer/Trash/Common Lights/Gas to heat the laundry room ($5,078/year) Insurance ($1,910/year) & Taxes ($6,424/year). Unit 1 (1BR) $500/mo ($6,000/year). Unit 2 (2BR) $700/mo ($8,400/year). Unit 3 (1BR) $600/mo ($7,200/year). Unit 4 $500/mo (1BR) ($6,000/yr). Unit 5 $450/mo (1BR) ($5,400/yr). Unit 6 $300/mo (Storage Barn) ($3,600/yr). P&L Math: Rents:500+700+600+500+450+300 =$3,050 per month gross income. $3,050x12 (months) = $36,600 -$5,078(Sewer/Trash/Common Lights/Gas) -$1,910 (Insurance) -$6,424 Taxes = $23,188 positive cash flow.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-Ins, Carpet, Ceiling Fan(s), Dining Area, Combination Kitchen/Living, Combination Kitchen/Dining, Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Table Space, Kitchen - Eat-In, Pantry, Stall Shower, Tub Shower
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Walkout Stairs
  • Total Sq Ft: 5601
  • Living Area Sq Ft: 5001
  • Price Per Sq Ft: 83.96
  • Above Grade Finished Sq Ft: 5001
  • Below Grade Sq Ft: 600
  • Total Below Grade Sq Ft: 600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2503

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Barn
  • Construction Materials: Brick, Masonry
  • Exterior Features: Exterior Lighting, Sidewalks
  • Roof: Pitched, Metal
  • View: Scenic Vista, Panoramic
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone
  • Total Garage And Parking Spaces: 20
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 20

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s), Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiant, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer/Septic System: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: BOYERTOWN AREA
  • Middle School: BOYERTOWN
  • High School: BOYERTOWN AREA SENIOR
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397041
  • School District Source: Listing Agent
  • High School: BOYERTOWN AREA SENIOR
  • Middle Or Junior School: BOYERTOWN

Green Features

  • Clean Green Assessed: No
  • Green Remarks: Please see Presentation of offers, Please review the docs uploaded here. All questions are answered there. ALTHOUGH SPRINGER TYPICALLY OFFERS ESCROW SERVICES, AS THE LISTING AGENT, I AM NOT OFFERING ESCROW SERVICES ON THIS LISTING. Springer Realty Group B

Lot Info

  • Land Use Code: 1136
  • Lot Features: Backs To Trees, Cleared, Corner, Front Yard, Level, Open, Premium, Rear Yard, Sideyard(s)
  • Lot Size Acres: 1.08
  • Lot Dimensions: 230.00 x125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 47200.00
  • Outdoor Living Structures: Balcony, Deck(s), Patio(s), Roof, Wrap Around
  • Year Assessed: 2021
  • Zoning: CC
  • Zoning Description: Convenience Commercial. Full info: https://ecode360.com/31481626?highlight=cc&searchId=264558080872756#31481626

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 6
  • Owner Pays: Insurance, Sewer, Trash Collection
  • Total Actual Rent: 36600.00
  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 770498
  • School Tax: 5593.00
  • Tax Annual Amount: 6584.00
  • Assessor Parcel Number: 47-00-07112-005
  • Tax Lot: 032
  • Tax Total Finished Sq Ft: 4734
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 11/17/2021

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 1

MLS Schools

  • School District Name: BOYERTOWN 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 List to Sale Price per Sq Ft
11/17/2021 11/17/21 Sold $385,000 -8.3% $77 / Sq Ft
08/09/2021 08/09/21 For Sale $419,900 -- $84 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gregory Martire

    Seller's Agent in 2021

    Gregory Martire

    Springer Realty Group

    (484) 997-8068

    1 in this area

    223 Total Sales

    Gregory Martire
    Section Image

  • J

    Buyer's Agent in 2021

    Joseph Rizzo

    Dyer Nixon Property Management

    (610) 203-1656

    1 in this area

    9 Total Sales

    Joseph Rizzo
    Section Image
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Map

Source: Bright MLS

MLS Number: PAMC2005664

Bright MLS
Pennsylvania Montgomery County Pottstown 19464

2503 Swamp Pike, Pottstown, PA

This home is located at 2503 Swamp Pike, Pottstown, PA 19464 since 09 August 2021. This property was built in 1900. 2503 Swamp Pike is a home located in Montgomery County with nearby schools including Boyertown Area Senior High School, Coventry Christian Schools, and St. Teresa Of Calcutta School.

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