NOT LISTED FOR SALE

52 S Main St Manheim, PA 17545

Estimated Value: $812,364

-- Bed
-- Bath
10,000 Sq Ft
$81/Sq Ft Est. Value

Last Sold April 16, 2020

Last sale price $550,000 $55 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,015/month

Highlights

  • Colonial Architecture
  • No HOA
  • Water Treatment System
  • Attic
  • Ramp on the main level
  • Forced Air Heating and Cooling System

About This Home

As of April 2020

TREMENDOUS OPPORTUNITY to own a stabilized, updated and well maintained 6 unit mixed use property in the heart of Manheim's quickly revitalizing downtown area! Centrally located in the business friendly commercial business district and close to shops, professional services, restaurants, banks and the beautiful Market Square!! This property offers a large commercial storefront/professional office, 2 bedroom apartment, 4 large rental warehouse spaces of varying sizes and 11 off street parking spaces

Last Agent to Sell the Property

Bob Swayne

(717) 587-2218 swayne@ptd.net Bob Swayne Real Estate License #SB065354 Listed on: 01/16/2020

Co-Listed By

Megan Livengood

(717) 468-8150 meglivengood@gmail.com Bob Swayne Real Estate

Last Buyer's Agent

Jerry Shilling

(717) 877-1884 jerry.shilling@cbhomes.com Coldwell Banker Realty License #RS187981L

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,066

Year Built

  • Built in 1853

Lot Details

  • 0.31 Acre Lot
  • Property is in very good condition

Home Design

  • 10,000 Sq Ft Home
  • Colonial Architecture
  • Brick Exterior Construction
  • Composition Roof
  • Rubber Roof

Parking

  • 11 Open Parking Spaces
  • Private Parking
  • Paved Parking
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking
  • 11 Assigned Parking Spaces

Accessible Home Design

  • Ramp on the main level

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Baseboard Heater
  • Electric Baseboard Heater
  • Water Treatment System
  • Electric Water Heater
  • Municipal Trash
  • Phone Available

Additional Features

  • Attic

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, repairs, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
  • Assessor Parcel Number 400-74088-0-0000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals, shop rentals, professional offices
  • Insurance Expense $1,512
  • Trash Expense $389
  • Operating Expense $11,912
  • Gross Income $48,900
  • Net Operating Income $36,987

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,066

Year Built

Built in 1853

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: Ramp - Main Level
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1853
  • Remarks Public: TREMENDOUS OPPORTUNITY to own a stabilized, updated and well maintained 6 unit mixed use property in the heart of Manheim's quickly revitalizing downtown area! Centrally located in the business friendly commercial business district and close to shops, professional services, restaurants, banks and the beautiful Market Square!! This property offers a large commercial storefront/professional office, 2 bedroom apartment, 4 large rental warehouse spaces of varying sizes and 11 off street parking spaces
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Attic, Water Treat System
  • Total Sq Ft: 10000
  • Living Area Sq Ft: 10000
  • Price Per Sq Ft: 52.50
  • Above Grade Finished Sq Ft: 10000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 52

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Roof: Composite, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 11
  • Garage: No
  • Open Parking Spaces Count: 11
  • Parking Features: Assigned, Paved Parking, Private
  • Type Of Parking: Off Street, On Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Hot Water, Forced Air, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Water Available, Sewer Available, Phone, Natural Gas Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: MANHEIM CENTRAL
  • School District Key: 300200397379
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 300000.00
  • Land Assessed Value: 59100.00
  • Land Use Code: 549
  • Lot Size Acres: 0.31
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13504.00
  • Property Condition: Very Good, Good
  • Year Assessed: 2020
  • Zoning: CBD COMM BUS. DISTRICT

Rental Info

  • Existing Lease Type: Gross, Month To Month, Yearly
  • Owner Pays: Common Area Maintenance, Insurance, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 48900.00
  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 22091986
  • School Tax: 5265.00
  • Tax Annual Amount: 8066.00
  • Assessor Parcel Number: 400-74088-0-0000
  • Tax Total Finished Sq Ft: 7236
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 04/16/2020

Multi Family

  • Gross Income: 48900.00
  • Gross Scheduled Income: 48900.00
  • Income Includes: Apartment Rentals, Shop Rentals, Professional Offices
  • Operating Expense: 11912.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: MANHEIM CENTRAL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2020
Closed on
Apr 16, 2020
Sold by
Steve L Garman Properties Llc
Bought by
Petromilli Holdings Llc
Seller's Agent
Bob Swayne
Bob Swayne Real Estate
Buyer's Agent
Jerry Shilling
Coldwell Banker Realty
List Price
$525,000
Sold Price
$550,000
Premium/Discount to List
$25,000
4.76%
Current Estimated Value
$812,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,364
Avg. Annual Appreciation
7.32%

Purchase Details

Closed on
Jan 11, 2002
Sold by
Roth Clarence R and Roth Althea A
Bought by
Axe Gary L and Axe Tracy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
8.5%
Mortgage Type
Seller Take Back
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
Petromilli Holdings Llc $550,000 Title Services
Axe Gary L $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Axe Gary L $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2020 04/16/20 Sold $550,000 +4.8% $55 / Sq Ft
02/11/2020 02/11/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $525,000 -- $53 / Sq Ft
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 $8,652 $359,100 $59,100 $300,000
2024 $8,652 $359,100 $59,100 $300,000
2023 $8,498 $359,100 $59,100 $300,000
2022 $8,224 $359,100 $59,100 $300,000
2021 $7,976 $359,100 $59,100 $300,000
2020 $7,976 $359,100 $59,100 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA157476

Bright MLS

APN: 400-74088-0-0000