NOT LISTED FOR SALE

Estimated Value: $480,576

Studio
-- Bath
-- Sq Ft
3,150 Sq Ft Lot Lot

Sale Details

Date Sold: July 25, 2018

Last sale price $179,000

Est. 168% increase in value since last sale

Current estimated payment $2,846 / mo

32 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 2-minute walk to Chestnut Street Park
  • Forced Air Heating System
  • Wall to Wall Carpet

About This Home

As of July 2018

Investor alert! Solidly built brick multi-unit apartment building for sale in beautiful downtown Pottstown area. This building is zoned both commercial and residential featuring a restaurant unit, as well as, four residential units. The units are all fully rented at this time with several longstanding tenants. The residential units consist of two nicely sized efficiencies and two large one bedroom apartments. The bottom floor efficiency features new carpet, new gas heater, smooth top cooking, wall air conditioning, shower stall, and separate entrance. The upper floor efficiency features high ceilings, a brand new gas heater, a cozy kitchenette, and a nicely sized bathroom. The second floor one bedroom apartment offers a nicely sized living room, separate bedroom area, and new carpet throughout. The upper most apartment on the third floor, features new carpet, pergo flooring, efficient electric baseboard heat, a nicely sized kitchen, and large bedroom area. Excluding the restaurant unit and third floor one bedroom apartment, all other units feature efficient natural gas heating. In 2016, the roof was repaired and resealed with a ten year warranty. Additional maintenance has been done with the building over the years and the common area hallway carpet is scheduled to be fully replaced in the near future. Owner pays for trash, water (hot/cold), and sewer...tenants pay for electricity, heat, and cable. What an opportunity to own a well maintained, fully rented investment property in the up and coming Pottstown area?!

Last Agent to Sell the Property

Jamie Wasniewski

(484) 326-5000 donna@donnag.com Godfrey Properties Listed on: 04/01/2018

Co-Listed By

Donna Godfrey

(484) 326-5000 donna@donnag.com Godfrey Properties

Last Buyer's Agent

Jamie Wasniewski

(484) 326-5000 donna@donnag.com Godfrey Properties Listed on: 04/01/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,007

Year Built

  • Built in 1931

Lot Details

  • 3,150 Sq Ft Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction

Flooring

  • Wall to Wall Carpet
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Private Parking
  • On-Street Parking

Schools

  • Pottstown Middle School
  • Pottstown Senior High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 067
  • Assessor Parcel Number 16-00-14980-007

Community Details

Overview

  • No Home Owners Association
  • Pottstown Subdivision

Building Details

  • Income includes parking
  • Operating Expense $3,007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,007

Year Built

Built in 1931

Lot Details

3,150 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Washer In Second Floor Efficiency
  • New Construction: No
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Street, Private
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • High School: POTTSTOWN SENIOR
  • Middle Or Junior School: POTTSTOWN

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 22
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3150.00
  • Property Condition: Good
  • Zoning: D

Rental Info

  • Vacation Rental: No

Multi Family

  • Income Includes: Parking
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 629242
  • Tax Annual Amount: 3007.00
  • Assessor Parcel Number: 16-00-14980-007
  • Tax Lot: 067
  • Tax Year: 2018

MLS Schools

  • School District Name: POTTSTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2022
Sold by
Golden Lion Tamarin Llc
Bought by
Sez Properties Llc
Current Estimated Value
$480,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Outstanding Balance
$298,085
Interest Rate
6.92%
Estimated Equity
$186,767

Purchase Details

Listed on
Apr 1, 2018
Closed on
Aug 3, 2018
Sold by
Redwood Real Estate Llc
Bought by
Golden Lion Tamarin Llc
Seller's Agent
Jamie Wasniewski
Godfrey Properties
Buyer's Agent
Jamie Wasniewski
Godfrey Properties
List Price
$179,900
Sold Price
$179,000
Premium/Discount to List
-$900
-0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.63%
Original Mortgage
$134,925
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2007
Sold by
Didomenico Leonard J and Didomenico Kathleen A
Bought by
Redwood Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.21%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sez Properties Llc $385,000 --
Golden Lion Tamarin Llc $179,900 None Available
Redwood Real Estate Llc $210,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sez Properties Llc $308,000
Previous Owner Golden Lion Tamarin Llc $134,925
Previous Owner Redwood Real Estate Llc $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2018 07/25/18 Sold $179,000 -0.5% --
05/03/2018 05/03/18 Pending -- -- --
04/01/2018 04/01/18 For Sale $179,900 -- --
Source: Bright MLS

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 $3,375 $55,000 $44,223 $10,777
2024 $3,375 $55,000 $44,223 $10,777
2023 $3,329 $55,000 $44,223 $10,777
2022 $3,312 $55,000 $44,223 $10,777
2021 $3,274 $55,000 $44,223 $10,777
2020 $3,217 $55,000 $44,223 $10,777
2019 $3,143 $55,000 $44,223 $10,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000329442

Bright MLS

APN: 16-00-14980-007

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