NOT LISTED FOR SALE

400 N Main St Bernville, PA 19506

Jefferson Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.34 Acres

Last Sold July 26, 2021

Last sale price $640,000

5 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Hot Water Baseboard Heater

About This Home

As of July 2021

This is an incredible, suburban, income-producing NINE (9!) unit property with a 14 car parking lot and a HUGE shed/barn-like structure (38x40) that is not currently rented (but could be for additional income). Also note, each unit has a storage locker in the basement, which is included in the monthly rent (again, these lockers could be income sources should the new landlord want to charge for them). Each unit also has a washer and dryer hookup (appliances are tenant-owned) in the basement. There are separate electric meters and hot water heaters for each unit (tenant pays electric and cable). The roof was replaced in 2019 and the two cast-iron boilers are only 8 years old. Gross operating income is $93,600/A. Expenses run approximately $36,000/A, including taxes, insurance, trash, water/sewer, cleaning/maintenance, credit checks, permits/fees, repairs, and utilities (oil & owner's electrical meter. Cap rate 8% with loads of potential for even higher ROI.

Last Agent to Sell the Property

Heather Christie

BHHS Homesale Realty- Reading Berks Listed on: 05/18/2021

BHHS Homesale Realty- Reading Berks

Last Buyer's Agent

Martin Yourkavitch

Coldwell Banker Realty License #RS301669

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,861

Year Built

  • Built in 1900

Lot Details

  • 0.34 Acre Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces
  • Parking Lot

Utilities

  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for heat, insurance, repairs, sewer, sewer maintenance, trash collection, water
  • Tax Lot 4073
  • Assessor Parcel Number 29-4450-11-55-4073

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,861

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Call for details.
  • Historic: No
  • Inclusions: Call for details.
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Remarks Public: This is an incredible, suburban, income-producing NINE (9!) unit property with a 14 car parking lot and a HUGE shed/barn-like structure (38x40) that is not currently rented (but could be for additional income). Also note, each unit has a storage locker in the basement, which is included in the monthly rent (again, these lockers could be income sources should the new landlord want to charge for them). Each unit also has a washer and dryer hookup (appliances are tenant-owned) in the basement. There are separate electric meters and hot water heaters for each unit (tenant pays electric and cable). The roof was replaced in 2019 and the two cast-iron boilers are only 8 years old. Gross operating income is $93,600/A. Expenses run approximately $36,000/A, including taxes, insurance, trash, water/sewer, cleaning/maintenance, credit checks, permits/fees, repairs, and utilities (oil & owner's electrical meter. Cap rate 8% with loads of potential for even higher ROI.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 400

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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: 14
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 14

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: TULPEHOCKEN AREA
  • School District Key: 300200397312
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 4200
  • Lot Size Acres: 0.34
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14810.00
  • Year Assessed: 2021
  • Zoning: TOWN CENTER

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Owner Pays: Heat, Insurance, Repairs, Sewer, Sewer Maintenance, Trash Collection, Water
  • Total Actual Rent: 93600.00
  • Vacation Rental: No

Tax Info

  • School Tax: 3935.00
  • Tax Annual Amount: 5861.00
  • Assessor Parcel Number: 29-4450-11-55-4073
  • Tax Lot: 4073
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/26/2021

Multi Family

  • Operating Expense: 36000.00

MLS Schools

  • School District Name: TULPEHOCKEN 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
07/26/2021 07/26/21 Sold $640,000 -7.9% --
05/23/2021 05/23/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $695,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Heather Christie

    Seller's Agent in 2021

    Heather Christie

    BHHS Homesale Realty- Reading Berks

    (484) 332-0839

    2 in this area

    27 Total Sales

    Section Image
  • Martin Yourkavitch

    Buyer's Agent in 2021

    Martin Yourkavitch

    Coldwell Banker Realty

    (484) 638-8104

    2 in this area

    25 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PABK377816

Bright MLS

Pennsylvania Berks County Bernville 19506 Jefferson

400 N Main St, Bernville, PA

This home is located at 400 N Main St, Bernville, PA 19506 since 18 May 2021. This property was built in 1900. 400 N Main St is a home located in Berks County with nearby schools including Tulpehocken Junior/Senior High School.

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