NOT LISTED FOR SALE

Estimated Value: $198,000 - $231,000

-- Bed
2 Baths
1,165 Sq Ft
$186/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $195,000 $167 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,456/month

2 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Electric Baseboard Heater
  • Traditional Architecture
  • Porch
  • Replacement Windows

About This Home

As of May 2022

Looking for a good cash flow multi-unit in the heart of Pottstown's revitalization? Look no further! This property requires low cost and low maintenance. Consists of two 2-unit apartments, both renovated in 2013 and feature durable laminate flooring, updated kitchens, replacement windows and electric heat. New roof as well! Oversized lot with off-street parking for 4 cars and alley access. First floor tenant is month to month and second floor unit is currently vacant. First floor unit can be shown at a second showing although finishes in both units are the same. Landlord pays water, sewer, trash. Check out the LOW taxes!!! 9% cap rate with potential for 10%+. Priced under market value for a quick sale! *** Offer deadline is Monday evening 4/4.

Last Agent to Sell the Property

Jennifer Davidheiser

The Real Estate Professionals-Pottstown License #RS297577 Listed on: 04/01/2022

Last Buyer's Agent

Anthony Venezia

VRA Realty License #RS356360

VRA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,367

Year Built

  • Built in 1908 | Remodeled in 2013

Lot Details

  • 6,300 Sq Ft Lot
  • Lot Dimensions are 45.00 x 0.00
  • Property is in good condition

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Architectural Shingle Roof

Interior Spaces

  • 1,165 Sq Ft Home
  • Replacement Windows
  • Fire Escape

Flooring

  • Wood
  • Laminate
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Rear Basement Entry
  • Sump Pump

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces
  • Stone Driveway

Outdoor Features

  • Deck
  • Exterior Lighting
  • Porch

Schools

  • Pottstown Senior High School

Utilities

  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, lawn/shrub care, repairs, sewer, water
  • Tax Lot 103
  • Assessor Parcel Number 16-00-26892-002

Community Details

Overview

  • 2 Units

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $800
  • Gross Income $23,340
  • Net Operating Income $16,803

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,367

Year Built

Built in 1908 | Remodeled in 2013

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2022-04-01
  • Year Built: 1908
  • Year Renovated: 2013
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Looking for a good cash flow multi-unit in the heart of Pottstown's revitalization? Look no further! This property requires low cost and low maintenance. Consists of two 2-unit apartments, both renovated in 2013 and feature durable laminate flooring, updated kitchens, replacement windows and electric heat. New roof as well! Oversized lot with off-street parking for 4 cars and alley access. First floor tenant is month to month and second floor unit is currently vacant. First floor unit can be shown at a second showing although finishes in both units are the same. Landlord pays water, sewer, trash. Check out the LOW taxes!!! 9% cap rate with potential for 10%+. Priced under market value for a quick sale! *** Offer deadline is Monday evening 4/4.
  • Special Features: None

Interior Features

  • Flooring Type: Vinyl, Wood, Laminated
  • Window Features: Replacement
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls, Dry Wall
  • Foundation Details: Stone
  • Room Count: 8
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Rear Entrance, Sump Pump, Unfinished
  • Total Sq Ft: 1165
  • Living Area Sq Ft: 1165
  • Price Per Sq Ft: 163.00
  • Above Grade Finished Sq Ft: 1165
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 873

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Fire Escape, Sidewalks
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Stone Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 117
  • Water Previous Twelve Months: 1400.00
  • Water Source: Public
  • Municipal Trash: Yes

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 1132
  • Lot Size Acres: 0.14
  • Lot Dimensions: 45.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6300.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Condition: Good
  • Year Assessed: 2022
  • Zoning: RMHD

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 1
  • Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Repairs, Sewer, Water
  • Total Actual Rent: 23340.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 632180
  • School Tax: 2368.00
  • Tax Annual Amount: 3367.00
  • Assessor Parcel Number: 16-00-26892-002
  • Tax Lot: 103
  • Tax Total Finished Sq Ft: 1165
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 05/10/2022

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 23340.00
  • Gross Scheduled Income: 23340.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: POTTSTOWN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
May 10, 2022
Sold by
Gaul William A
Bought by
Venezia Anthony
Seller's Agent
Jennifer Davidheiser
The Real Estate Professionals-Pottstown
Buyer's Agent
Anthony Venezia
VRA Realty
List Price
$189,900
Sold Price
$195,000
Premium/Discount to List
$5,100
2.69%
Current Estimated Value
$216,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,333
Avg. Annual Appreciation
5.88%
Original Mortgage
$144,750
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 29, 2012
Closed on
Jul 30, 2012
Sold by
Bank Of America Na
Bought by
Gaul William A
Seller's Agent
Jennifer Dinatally
United Real Estate Strive 212
Buyer's Agent
Daniel Schnovel
RE/MAX Achievers Inc -Pottstown
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.75%

Purchase Details

Closed on
Feb 27, 2012
Sold by
Amenta Stephen M
Bought by
Bank Of America Na and Bac Home Loans Ser Lp

Purchase Details

Closed on
May 4, 2005
Sold by
Smith Robert and Smith Kathleen E
Bought by
Amenta Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
2.37%
Mortgage Type
Negative Amortization
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 $195,000 None Listed On Document
Gaul William A $60,000 None Available
Bank Of America Na $1,562 None Available
Amenta Stephen M $120,000 Germantown Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venezia Anthony $704,000
Closed Venezia Anthony $144,750
Previous Owner Gaul William A $58,500
Previous Owner Gaul William A $54,000
Previous Owner Amenta Stephen M $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2022 05/10/22 Sold $195,000 +2.7% $167 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $189,900 +216.5% $163 / Sq Ft
07/16/2012 07/16/12 Sold $60,000 -7.7% $52 / Sq Ft
05/16/2012 05/16/12 Pending -- -- --
03/29/2012 03/29/12 For Sale $65,000 -- $56 / 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 $3,431 $55,900 -- --
2024 $3,431 $55,900 -- --
2023 $3,385 $55,900 $0 $0
2022 $3,367 $55,900 $0 $0
2021 $3,328 $55,900 $0 $0
2020 $3,270 $55,900 $0 $0
2019 $2,902 $55,900 $0 $0
2018 $2,271 $55,900 $0 $0
2017 $2,987 $55,900 $0 $0
2016 $2,965 $55,900 $0 $0
2015 $2,946 $55,900 $0 $0
2014 $2,946 $55,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2032880

Bright MLS

APN: 16-00-26892-002