$547,000
SOLD AUG 17, 2021

312 E Broad St Quakertown, PA 18951

-- Bed
-- Bath
3,636 Sq Ft
9,450 Sq Ft Lot

Recently Sold

$150 Per Sq Ft

7% Above List Price

3 Days on Market

Highlights

  • Garden View
  • Porch
  • Hot Water Heating System
  • No HOA
  • Downtown Location
  • Partially Carpeted

About This Home

As of August 2021

Great INVESTMENT OPPORTUNITY to purchase a meticulously maintained 4-Unit apartment building located in the heart of downtown Quakertown. Just blocks away from all of the downtown shops and restaurants. Each unit offers separate entry doors, 2 off-street parking spots, storage, laundry, 100 amp service, gas furnace, water heater. Tenants pay all utilities except for water. Strong cash flow and 100% occupancy in all 4-units -- currently grossing $49,800/yr. Property is being sold AS-IS.

Last Agent to Sell the Property

Robert Gemmel

Acre and Estate Listed on: 06/13/2021

Acre and Estate

Last Buyer's Agent

Dorothy Thornton

Coldwell Banker Hearthside-Doylestown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,329

Year Built

  • Built in 1910

Lot Details

  • 9,450 Sq Ft Lot
  • Lot Dimensions are 50.00 x 189.00
  • Downtown Location
  • Back Yard
  • Property is in very good condition

Home Design

  • Quadruplex
  • Converted Dwelling
  • Poured Concrete
  • Frame Construction
  • Blown-In Insulation
  • Slate Roof
  • Asphalt Roof
  • Asphalt

Interior Spaces

  • 3,636 Sq Ft Home
  • Garden Views

Flooring

  • Partially Carpeted
  • Laminate

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Drain
  • Basement Windows

Parking

  • 8 Open Parking Spaces
  • 16 Parking Spaces
  • 8 Off-Street Spaces
  • Private Parking
  • Free Parking
  • Gravel Driveway
  • On-Street Parking
  • Parking Lot

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • Bulkhead
  • Porch

Utilities

  • Radiant Heating System
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for water, common area maintenance, repairs, snow removal, personal property taxes
  • Tax Lot 048
  • Assessor Parcel Number 35-011-048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,329

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2021-06-13
  • Year Built: 1910
  • Automatically Close On Close Date: Yes
  • Remarks Public: Great INVESTMENT OPPORTUNITY to purchase a meticulously maintained 4-Unit apartment building located in the heart of downtown Quakertown. Just blocks away from all of the downtown shops and restaurants. Each unit offers separate entry doors, 2 off-street parking spots, storage, laundry, 100 amp service, gas furnace, water heater. Tenants pay all utilities except for water. Strong cash flow and 100% occupancy in all 4-units -- currently grossing $49,800/yr. Property is being sold AS-IS.
  • Special Features: None

Interior Features

  • Flooring Type: Laminated, Partially Carpeted
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Basement: Yes
  • Basement Type: Full, Drain, Outside Entrance, Poured Concrete, Unfinished, Windows
  • Total Sq Ft: 3636
  • Living Area Sq Ft: 3636
  • Price Per Sq Ft: 140.26
  • Above Grade Finished Sq Ft: 3636
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 312

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Asphalt, Blown-In Insulation
  • Road Surface Type: Black Top
  • Roof: Asphalt, Slate
  • View: Garden/Lawn
  • 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, Free, Private
  • Total Garage And Parking Spaces: 16
  • Type Of Parking: Off Street, On Street, Parking Lot
  • Off Street Parking Spaces: 8
  • Parking Lot Number Of Spaces: 8

Utilities

  • Refuse: 29.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Natural Gas Available, Phone Available, Water Available, Sewer Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: QUAKERTOWN COMMUNITY
  • School District Key: 300200397165
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 22880.00
  • Land Assessed Value: 4320.00
  • Land Use Code: 1011
  • Lot Features: Bulkheaded, Rear Yard
  • Lot Size Acres: 0.22
  • Lot Dimensions: 50.00 x 189.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9450.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: R4

Rental Info

  • Existing Lease Type: Long Term, Month To Month, Yearly
  • Number Of Units Month To Month: 2
  • Owner Pays: Water, Common Area Maintenance, Repairs, Snow Removal, Taxes - Personal Property
  • Total Actual Rent: 49800.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 165208
  • School Tax: 4592.00
  • Tax Annual Amount: 5329.00
  • Assessor Parcel Number: 35-011-048
  • Tax Lot: 048
  • Tax Total Finished Sq Ft: 3636
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/17/2021

Multi Family

  • Gross Income: 52200.00

MLS Schools

  • School District Name: QUAKERTOWN COMMUNITY

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
08/19/2021 08/19/21 Rented $547,000 0.0% --
08/17/2021 08/17/21 Sold $547,000 0.0% $150 / Sq Ft
06/17/2021 06/17/21 Under Contract -- -- --
06/17/2021 06/17/21 Pending -- -- --
06/13/2021 06/13/21 For Sale $510,000 0.0% $140 / Sq Ft
06/08/2021 06/08/21 For Rent $510,000 +36328.6% --
04/01/2021 04/01/21 Rented $1,400 +16.7% --
03/17/2021 03/17/21 For Rent $1,200 -- --
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: PABU529750

Bright MLS