NOT LISTED FOR SALE

508 N Franklin St Pottstown, PA 19464

Beech-Wilson Neighborhood

Estimated Value: $354,000 - $376,000

-- Bed
4 Baths
2,825 Sq Ft
$130/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $298,000 $105 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,548/month

Highlights

  • 0.19 Acre Lot
  • Electric Baseboard Heater
  • Asbestos
  • Colonial Architecture

About This Home

As of August 2022

Coming Soon! Showings will begin approximately July 1st! This is a very clean, well maintained, above average and professionally managed 4 unit residential building with additional "5th unit" 3 bay 800+ sq. ft garage. All units are currently occupied including rented garage! Step into a completely up and running building! Clean operation - All units are separate tenant paid low maintenance electric baseboard heat, tenant paid low maintenance electric hot water. Landlord pays water, sewer and trash. Off street parking in the rear of building provides an additional 4 to 6 parking spaces.
Unit 1 - 1 bedroom - remodeled 2018, Unit 2 - 2 bedroom - remodeled 2017, Unit 3 - 1 bedroom - remodeled 2014, Unit 4 - 1 bedroom l bedroom - remodeled 2014. Exterior has been maintained in great condition, new dimensional shingle roof in 2015, nice yard area for tenants to enjoy. It has very great curb appeal and makes a great first impression for prospective tenants. This and overall above average conditions results in lower vacancy periods! This building would be ideal for both the beginning novice investor as well as the experienced investor. There is plenty of upside potential with this building! Additional interior pictures may be added at a later date! Be a part of Pottstown revitalization and economic growth! Current estimated cap rate 10.2%, potential for 11.5% and above!

Last Agent to Sell the Property

Bradford Hutchinson

RE/MAX Action Associates Listed on: 06/27/2022

RE/MAX Action Associates

Last Buyer's Agent

Anthony Venezia

VRA Realty License #RS356360

VRA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,596

Year Built

  • Built in 1900

Lot Details

  • 8,400 Sq Ft Lot
  • Lot Dimensions are 60.00 x 140.00

Home Design

  • 2,825 Sq Ft Home
  • Quadruplex
  • Colonial Architecture
  • Asbestos

Parking

  • Driveway
  • On-Street Parking

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, lawn/shrub care
  • Tax Lot 33
  • Assessor Parcel Number 16-00-10176-005

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,100
  • Maintenance Expense $3,200
  • Operating Expense $3,000
  • Net Operating Income $28,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,596

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2022-06-27
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Coming Soon! Showings will begin approximately July 1st! This is a very clean, well maintained, above average and professionally managed 4 unit residential building with additional "5th unit" 3 bay 800+ sq. ft garage. All units are currently occupied including rented garage! Step into a completely up and running building! Clean operation - All units are separate tenant paid low maintenance electric baseboard heat, tenant paid low maintenance electric hot water. Landlord pays water, sewer and trash. Off street parking in the rear of building provides an additional 4 to 6 parking spaces. Unit 1 - 1 bedroom - remodeled 2018, Unit 2 - 2 bedroom - remodeled 2017, Unit 3 - 1 bedroom - remodeled 2014, Unit 4 - 1 bedroom l bedroom - remodeled 2014. Exterior has been maintained in great condition, new dimensional shingle roof in 2015, nice yard area for tenants to enjoy. It has very great curb appeal and makes a great first impression for prospective tenants. This and overall above average conditions results in lower vacancy periods! This building would be ideal for both the beginning novice investor as well as the experienced investor. There is plenty of upside potential with this building! Additional interior pictures may be added at a later date! Be a part of Pottstown revitalization and economic growth! Current estimated cap rate 10.2%, potential for 11.5% and above!
  • Special Features: None

Interior Features

  • Foundation Details: Other
  • Total Sq Ft: 2825
  • Living Area Sq Ft: 2825
  • Price Per Sq Ft: 97.35
  • Above Grade Finished Sq Ft: 2825
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 508

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asbestos
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, On Street

Utilities

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

Schools

  • School District: POTTSTOWN
  • School District Key: 300200397038
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1136
  • Lot Size Acres: 0.19
  • Lot Dimensions: 60.00 x 140.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8400.00
  • Year Assessed: 2022
  • Zoning: MULTI-FAMILY

Rental Info

  • Owner Pays: Water, Sewer, Trash Collection, Lawn/Shrub Care
  • Rent Control: No
  • Total Actual Rent: 35100.00
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 628073
  • School Tax: 4639.00
  • Tax Annual Amount: 6596.00
  • Assessor Parcel Number: 16-00-10176-005
  • Tax Lot: 33
  • Tax Total Finished Sq Ft: 2825
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/17/2022

Multi Family

  • Operating Expense: 3000.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3,Unit 9
  • Vacancy Allowance Rate: 8.00

MLS Schools

  • School District Name: POTTSTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2022
Closed on
Aug 14, 2022
Sold by
Hollander Eran H and Hollander Rebecca H
Bought by
Venezia Anthony
Seller's Agent
Bradford Hutchinson
RE/MAX Action Associates
Buyer's Agent
Anthony Venezia
VRA Realty
List Price
$275,000
Sold Price
$298,000
Premium/Discount to List
$23,000
8.36%
Views
2
Current Estimated Value
$367,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,667
Avg. Annual Appreciation
6.17%
Original Mortgage
$228,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2008
Sold by
Schurr J Kevin
Bought by
Hollander Rebecca H and Hollander Eran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.27%

Purchase Details

Closed on
Oct 26, 2005
Sold by
Hart Mabel F
Bought by
Schurr J Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
5.93%
Source: Public Records

Range of Values:

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Average Value
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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
Venezia Anthony $300,000 --
Hollander Rebecca H $220,000 None Available
Schurr J Kevin $160,000 Penn Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venezia Anthony $704,000
Closed Venezia Anthony $228,000
Previous Owner Hollander Eran $137,000
Previous Owner Hollander Eran $166,200
Previous Owner Hollander Rebecca H $165,000
Previous Owner Schurr J Kevin $70,250
Previous Owner Schurr J Kevin $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2022 08/17/22 Sold $298,000 +8.4% $105 / Sq Ft
06/27/2022 06/27/22 For Sale $275,000 0.0% $97 / Sq Ft
11/15/2015 11/15/15 Rented $700 0.0% --
11/15/2015 11/15/15 Under Contract -- -- --
10/13/2015 10/13/15 For Rent $700 -- --
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 $6,723 $109,530 $46,680 $62,850
2024 $6,723 $109,530 $46,680 $62,850
2023 $6,631 $109,530 $46,680 $62,850
2022 $6,631 $109,530 $46,680 $62,850
2021 $6,553 $109,530 $46,680 $62,850
2020 $6,480 $109,530 $46,680 $62,850
2019 $6,407 $109,530 $46,680 $62,850
2018 $4,450 $109,530 $46,680 $62,850
2017 $5,853 $109,530 $46,680 $62,850
2016 $5,811 $109,530 $46,680 $62,850
2015 $5,773 $109,530 $46,680 $62,850
2014 $5,773 $109,530 $46,680 $62,850
Source: Public Records

Agents Affiliated with this Home

  • Bradford Hutchinson

    Seller's Agent in 2022

    Bradford Hutchinson

    RE/MAX

    (484) 678-4659

    1 in this area

    57 Total Sales

    Bradford Hutchinson
    Section Image

  • A

    Buyer's Agent in 2022

    Anthony Venezia

    VRA Realty

    (610) 324-1380

    1 in this area

    16 Total Sales

    Anthony Venezia
    Section Image
  • Linda Henry

    Seller's Agent in 2015

    Linda Henry

    Herb Real Estate, Inc.

    (610) 960-7860

    2 in this area

    90 Total Sales

    Linda Henry
    Section Image
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Map

Source: Bright MLS

MLS Number: PAMC2041908

Bright MLS

APN: 16-00-10176-005

Pennsylvania Montgomery County Pottstown 19464 Beech-Wilson

508 N Franklin St, Pottstown, PA

This home is located at 508 N Franklin St, Pottstown, PA 19464 since 27 June 2022 and is currently estimated at $367,667, approximately $130 per square foot. This property was built in 1900. 508 N Franklin St is a home located in Montgomery County with nearby schools including Pottstown Middle School, Pottstown Senior High School, and Saint Aloysius Parish School.

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