148 E Spring Street

    BECHTELSVILLE, PA 19505
    • $399,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: PABK355930
    UPDATED: 20 min ago
    $399,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1945
    County:

    School Information

    High School:
    School District:

    Description

    Wow! Here's a great 5-unit investment opportunity with a low-maintenance building exteriors. You could also live in the front, detached dwelling and then have your own 4-unit apartment building to the rear! This property consists of two buildings, one of which has a 4 BR Cape Cod dwelling and the other building consisting of two (2) - 1 BR apartments and two (2) - 2 BR apartments. Rents are Cape Cod #1 @ $850/month; #2 @ $725/month; #3 @ $525/month; #4 @ $625/month; and #5 @ $725/month. These rents are below market value, so there's room to grow with the possible projected rents: Cape Cod #1 @ $1,195/month; #2 @ $795/month; #3 @ $650/month; #4 @ $695/month; and #5 @ $795/month. Four of the five tenants are long-term making this a solid investment. Tenants take care of lawn maintenance and snow removal. Owner pays sewer, trash, electric for lighting and well pump. All roofing has recently been replaced in 2020, with GAF lifetime shingles. Multi-unit, income-producing properties are very hard-to-find anymore, so this property will go fast! NOTE - Seller is a PA licensed real estate agent and is also the listing agent for this property.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-03-28T12:50:20.613.
    www.ramusrealty.com/homes/104073920

    148 E Spring Street BECHTELSVILLE, PA 19505

    • Price: $399,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: PABK355930
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1945
    Built
    Neighborhood:
    Bechtelsville Boro (10226)
    County:
    Berks
    Area:
    Bechtelsville Boro (10226)
    High School:
    Boyertown Area Senior
    School District:
    Boyertown Area
    Property Description
    Wow! Here's a great 5-unit investment opportunity with a low-maintenance building exteriors. You could also live in the front, detached dwelling and then have your own 4-unit apartment building to the rear! This property consists of two buildings, one of which has a 4 BR Cape Cod dwelling and the other building consisting of two (2) - 1 BR apartments and two (2) - 2 BR apartments. Rents are Cape Cod #1 @ $850/month; #2 @ $725/month; #3 @ $525/month; #4 @ $625/month; and #5 @ $725/month. These rents are below market value, so there's room to grow with the possible projected rents: Cape Cod #1 @ $1,195/month; #2 @ $795/month; #3 @ $650/month; #4 @ $695/month; and #5 @ $795/month. Four of the five tenants are long-term making this a solid investment. Tenants take care of lawn maintenance and snow removal. Owner pays sewer, trash, electric for lighting and well pump. All roofing has recently been replaced in 2020, with GAF lifetime shingles. Multi-unit, income-producing properties are very hard-to-find anymore, so this property will go fast! NOTE - Seller is a PA licensed real estate agent and is also the listing agent for this property.
    Exterior Features

    Construction Materials Mixed Garage YN No Property Condition Average+ Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 3881.00 Cooling None Exclusions 2 Refrigerators Owned By Tenants Heating Baseboard - Electric Heating YN Yes Inclusions 5 Ranges And 3 Refrigerators Are included. Net Square Feet 3881.00

    Property Features

    Acceptable Financing ConventionalCash Accessibility Features None Annual Gross Expense 10751.00 Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Cross Street N. Main Street Electric Expense 383.00 Gross Income 41400.00 Heating Fuel Oil Hot Water Electric Incorporated City Name Bechtelsville Boro Insurance Expense 1400.00 Maintenance Expense 600.00 Navigable Water YN N New Construction YN No Number Of Units Total 1 Operating Expense Includes InsuranceSewerElectricRepair/MaintenanceOther Original MLSNumber 304057598632 Other Expense 2500.00 Owner Pays SewerTrash CollectionElectricity Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 5496.00 Tax Assessment Amount 134100.00 Tax Lot 0927 Total Actual Rent 41400.00 Trash Expense 372.00 Vacation Rental YN No Water Source Well Zoning R-2 Residential

    Listing courtesy of Brumbach Associates-Boyertown.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-03-28T12:50:20.613.
     
    Ramus Realty Group
    300 Mauch Chunk St A
    Pottsville PA, 17901