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Key Details
Sold Price $499,990
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,392 sqft
Price per Sqft $209
MLS Listing ID PAMC695578
Sold Date 09/24/21
Style Colonial
HOA Y/N N
Abv Grd Liv Area 2,392
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $6,167
Tax Year 2021
Lot Size 0.407 Acres
Acres 0.41
Lot Dimensions 63.00 x 0.00
Property Description
Four unit apartment building with brick construction, 2 car garage with second floor, 5 updated separate electric boxes. Fully rented with long term tenants. Perfect unit mix: 3 one bedroom apartments and 1 two bedroom apartment. Oversized lot that extends from Main Street back to the railroad tracks. Ample off street parking along with shared backyard amenity. Strong rental history with below market rents. Yearly income of $46,200 with estimated upside of 20% rental increase. Can be purchased individually or with the brick building next door (171-173 Main Street) for an 8 unit property! Perfect investment property.
Income & Expenses Unit Rent Apt. 1 = $985 Apt. 2 = $855 Apt. 3 = $1005 Apt. 4 = $1005 Rent $46,200 ($3,850/month) Taxes $6126 Insurance $2,282
Location
State PA
County Montgomery
Area Souderton Boro (10621)
Zoning C1
Rooms
Basement Full
Interior
Hot Water S/W Changeover
Heating Hot Water
Cooling None
Heat Source Oil
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Souderton Area
Others
Tax ID 21-00-04696-008
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jared M Moyer • Keller Williams Real Estate-Montgomeryville
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