Skip To Content

1903 Old Swede Road

DOUGLASSVILLE, PA 19518
  • $1,275,000
  • STATUS: Pending
  • ON SITE: 17 Days
  • ID#: PABK2006906
Pending
$1,275,000
  • 0
    BEDS
  • 2.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1816
County:

School Ratings & Info

School District:

Description

The property consists of 8 apartment units, 6 income-producing garages, an income-producing shed/storage unit, and 12,400 RSF commercial space. Douglassville is lo-cated in Amity Township, Berks County, along the Schuylkill River. The property is strategically located at the high traffic inter-section of Old Swede Road (PA Route 662) and Boyertown Pike (PA Route 562).+G- The property features a two-story farmhouse, built in 1816, with additions to expand the farmhouse made in the early 1900s. Currently, the farmhouse consists of (2) large two-bedroom bi-level and three-story apartments and (1) one-bedroom apartment. The basement features a laundry facility and open storage for tenants.+G- Behind the farmhouse, there is an additional five-unit, two-story building which was constructed in the early 1900s. This building has vinyl siding and a metal pitched roof. It consists of (4) one-bedroom apartment units, (1) two-bedroom apartment unit, (3) two-car garages, and (1) 12 x 24 garage. All apartments in this building have private entrances. 80% of units in this building feature a private patio or balcony.+G- The third building was built in 1908 and features a three-story 12,400 RSF barn. This is currently leased by Under The Sun, which holds a ten-year lease on the space. Under The Sun is an antique and collectible shop that has been operating at the property since July of 2014.The rental market surrounding 1903 Old Swede Road is robust. The property is currently fully occupied with average in place rents of $903. The owner provides heat and hot water for all buildings. In comparison to surrounding markets, rents are 15% to 20% below market. The property+GGs location is very attractive to tenants. It provides residents convenient access to U.S. Route 422 and PA Route 724, making it possible for tenants to commute to businesses in the surrounding areas such as Royersford, Collegeville and Reading. In addition, King of Prussia is only a 30-minute car ride.1903 Old Swede Road presents an excellent value-add opportunity to acquire eight apartment units, six income-producing gar-ages, one income-producing shed/storage unit, and 12,400 RSF commercial space with significant rental upside and minimal deferred maintenance to the next owner.Contact Agent to Obtain Full Offering Memorandum and to Schedule a Tour of this Unique Site.

Monthly Payment Calculator



©2021 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: 2021-12-02T23:51:59.693.
www.ramusrealty.com/homes/123302900
Print Image

1903 Old Swede Road DOUGLASSVILLE, PA 19518

  • Price: $1,275,000
  • Status: Pending
  • On Site: 17 Days
  • ID#: PABK2006906
0
Beds
0
Baths
0
½ Baths
2.44
Acres
1816
Built
Neighborhood:
Amity Twp (10224)
County:
Berks
Area:
Amity Twp (10224)
School District:
Daniel Boone Area
Property Description
The property consists of 8 apartment units, 6 income-producing garages, an income-producing shed/storage unit, and 12,400 RSF commercial space. Douglassville is lo-cated in Amity Township, Berks County, along the Schuylkill River. The property is strategically located at the high traffic inter-section of Old Swede Road (PA Route 662) and Boyertown Pike (PA Route 562).+G- The property features a two-story farmhouse, built in 1816, with additions to expand the farmhouse made in the early 1900s. Currently, the farmhouse consists of (2) large two-bedroom bi-level and three-story apartments and (1) one-bedroom apartment. The basement features a laundry facility and open storage for tenants.+G- Behind the farmhouse, there is an additional five-unit, two-story building which was constructed in the early 1900s. This building has vinyl siding and a metal pitched roof. It consists of (4) one-bedroom apartment units, (1) two-bedroom apartment unit, (3) two-car garages, and (1) 12 x 24 garage. All apartments in this building have private entrances. 80% of units in this building feature a private patio or balcony.+G- The third building was built in 1908 and features a three-story 12,400 RSF barn. This is currently leased by Under The Sun, which holds a ten-year lease on the space. Under The Sun is an antique and collectible shop that has been operating at the property since July of 2014.The rental market surrounding 1903 Old Swede Road is robust. The property is currently fully occupied with average in place rents of $903. The owner provides heat and hot water for all buildings. In comparison to surrounding markets, rents are 15% to 20% below market. The property+GGs location is very attractive to tenants. It provides residents convenient access to U.S. Route 422 and PA Route 724, making it possible for tenants to commute to businesses in the surrounding areas such as Royersford, Collegeville and Reading. In addition, King of Prussia is only a 30-minute car ride.1903 Old Swede Road presents an excellent value-add opportunity to acquire eight apartment units, six income-producing gar-ages, one income-producing shed/storage unit, and 12,400 RSF commercial space with significant rental upside and minimal deferred maintenance to the next owner.Contact Agent to Obtain Full Offering Memorandum and to Schedule a Tour of this Unique Site.
Exterior Features

Construction Materials Stone Garage YN No Parking Types Parking LotPrivate Garage Riparian Rights YN No Roof Pitched Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 26000.00 Cooling Multi Units Heating Other Heating YN Yes Net Square Feet 26000.00

Property Features

Accessibility Features Doors - Swing In Assessment Year 2021 Business Type Apartment BuildingOther/General RetailParking LotStorage Central Air YN No Cooling Fuel Electric Foundation Details Stone Heating Fuel Propane - Owned Hot Water Propane Lease Considered YN No Municipality Amity Twp Navigable Water YN N New Construction YN No Original MLSNumber 801191900164 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer On Site Septic Tax Annual Amount 7703.00 Tax Assessment Amount 179800.00 Tax Lot 5537 Vacation Rental YN No Water Source Other Year Built Effective 1908 Zoning Sfr

Listing courtesy of Tcs Management, Llc.


©2021 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: 2021-12-02T23:51:59.693.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801191900164-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801191900164-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801191900164-2.jpg
Logo
Ramus Realty Group
2880 Pottsville Minersville Highway, Suite 144
Pottsville PA, 17954