$618,000
SOLD AUG 31, 2023
-- Bed
-- Bath
5,876 Sq Ft
4,200 Sq Ft Lot

Recently Sold

$105 Per Sq Ft

3% Below List Price

64 Days on Market

About This Home

As of August 2023

Excellent investment opportunity with this unique 6 unit apartment building with an additional income producing 3 car garage and coin operated laundry facility. This solidly brick built apartment building is conveniently located to local restaurants plus an easy walk to the Manatawny Park and Montgomery County Community College. Classic architecture, strong brick construction, great rental histories, layouts and varieties, generous cap rates and possible partial owner financing. Schedule a showing today!

Last Agent to Sell the Property

Matthew White

(215) 962-1274 mattwhitesellshomes@gmail.com Coldwell Banker Hearthside Listed on: 03/23/2023

Coldwell Banker Hearthside

Last Buyer's Agent

Ben Grande

(610) 780-2857 Bengranderealtor@gmail.com Springer Realty Group

Springer Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,426

Year Built

  • Built in 1900

Lot Details

  • 4,200 Sq Ft Lot
  • Lot Dimensions are 30.00 x 0.00
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Side-by-Side
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Rubber Roof
  • Masonry

Interior Spaces

  • 5,876 Sq Ft Home
  • Brick Wall or Ceiling

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Side Basement Entry

Accessible Home Design

  • Doors swing in

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for heat, common area maintenance, sewer, real estate taxes, trash collection, water
  • Tax Lot 50
  • Assessor Parcel Number 16-00-17652-008

Community Details

Overview

  • 4 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals, laundry
  • Insurance Expense $1,716
  • Operating Expense $17,595
  • Net Operating Income $61,149

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,426

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Side-By-Side
  • Accessibility Features: Doors - Swing In
  • Ownership: Fee Simple
  • Inclusions: All appliances
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Wall Ceiling Types: Brick, Plaster Walls, Dry Wall
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full, Side Entrance, Unfinished
  • Total Sq Ft: 5876
  • Living Area Sq Ft: 5876
  • Price Per Sq Ft: 107.22
  • Above Grade Finished Sq Ft: 5876
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 63

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Masonry
  • Roof: Rubber
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available
  • Water Source: Public

Schools

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

Lot Info

  • Land Use Code: 4200
  • Lot Size Acres: 0.10
  • Lot Dimensions: 30.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4200.00
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: OR
  • Zoning Description: commercial multi family

Rental Info

  • Ground Rent Exists: No
  • Number Of Units Month To Month: 5
  • Owner Pays: Heat, Common Area Maintenance, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Vacation Rental: No

Tax Info

  • School Tax: 4475.00
  • Tax Annual Amount: 6426.00
  • Assessor Parcel Number: 16-00-17652-008
  • Tax Lot: 50
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/31/2023

Multi Family

  • Gross Income: 78720.00
  • Income Includes: Apartment Rentals, Laundry
  • Operating Expense: 17595.00

MLS Schools

  • School District Name: POTTSTOWN

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
03/25/2024 03/25/24 Rented $1,600 0.0% --
03/04/2024 03/04/24 For Rent $1,600 0.0% --
08/31/2023 08/31/23 Sold $618,000 -1.9% $105 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/05/2023 05/05/23 Price Changed $630,000 -1.1% $107 / Sq Ft
03/23/2023 03/23/23 For Sale $637,000 -- $108 / Sq Ft
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: PAMC2067102

Bright MLS