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    422 Douglass Street

    WYOMISSING, PA 19610
    • $505,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: PABK373768
    UPDATED: 36 min ago
    $505,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:

    School Ratings & Info

    School District:

    Description

    Rare 7 unit Apartment Building in Wilson School District. Roof and windows have been replaced. All easy to rent 1 bedroom apartments with Large grass front yard, alley access, and off street parking. There are 3 units where heat and hot water is included via a natural gas boiler. The remaining 4 units have tenant paid electric heat and hot water. Landlord pays for Water/Sewer and Trash. There is a coin op laundry room that is not currently being used and the equipment does need to be refreshed for additional income.

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    ©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: 2021-02-28T10:51:17.513.
    www.ramusrealty.com/homes/114400819
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    422 Douglass Street WYOMISSING, PA 19610

    • Price: $505,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: PABK373768
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1950
    Built
    Neighborhood:
    Wyomissing Boro (10296)
    County:
    Berks
    Area:
    Wyomissing Boro (10296)
    School District:
    Wilson
    Property Description
    Rare 7 unit Apartment Building in Wilson School District. Roof and windows have been replaced. All easy to rent 1 bedroom apartments with Large grass front yard, alley access, and off street parking. There are 3 units where heat and hot water is included via a natural gas boiler. The remaining 4 units have tenant paid electric heat and hot water. Landlord pays for Water/Sewer and Trash. There is a coin op laundry room that is not currently being used and the equipment does need to be refreshed for additional income.
    Exterior Features

    Construction Materials BlockConcrete Garage YN No Parking Types DrivewayOn StreetParking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 5000.00 Cooling None Heating Baseboard - ElectricRadiator Heating YN Yes Net Square Feet 5000.00

    Property Features

    Accessibility Features None Annual Gross Expense 18335.32 Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Electric Expense 794.00 Gross Income 59340.00 Heating Fuel Natural GasElectric Hot Water Natural GasElectric Incorporated City Name Wyomissing Boro Insurance Expense 2346.00 Maintenance Expense 2623.00 Navigable Water YN N Net Operating Income 38037.68 New Construction YN No Number Of Units Total 21 Operating Expense 18335.32 Operating Expense Includes ElectricLandscapingInsuranceManagement FeesRepair/MaintenancePest ControlSewerSnow RemovalTrashWaterOther Original MLSNumber 304489281086 Other Expense 739.00 Owner Pays SewerWaterTrash Collection Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 3661.00 Tax Assessment Amount 95300.00 Tax Lot 7438 Vacation Rental YN No Water Source Public Zoning Res

    Listing courtesy of Beckham & Pierce, Inc.


    ©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: 2021-02-28T10:51:17.513.
     
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