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Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $94
MLS Listing ID PABK379218
Sold Date 11/02/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $7,641
Tax Year 2021
Lot Size 0.640 Acres
Acres 0.64
Lot Dimensions 0.00 x 0.00
Property Description
Unique 5 unit in Sinking Spring borough within walking distance to dining and conveniences. Built in 1910, this well cared for home has wide window sills, high ceilings and gorgeous wood doors and trim. First & Second floor units are all one bedroom with living room, dining room with built in's ,kitchen and bath. Third floor is a two bedroom with living room, kitchen and bath. All units have private entrances and one designated off street parking space. Four car garage with storage above is rented separately.
Gas $6000, Taxes $7396, Insurance $2500, Water, sewer, trash $4700
Income $53,760 a year. 8% cap rate.
Tenants have separate meters and pay electric.
Location
State PA
County Berks
Area Sinking Spring Boro (10279)
Zoning COMMERCIAL MULTI FAMILY
Interior
Hot Water Electric
Heating Hot Water, Radiator
Cooling None
Flooring Carpet, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Utilities Available Cable TV
Water Access N
Accessibility None
Total Parking Spaces 5
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wilson
Others
Tax ID 79-4386-13-04-5408
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Angelo Giannotti • RE/MAX Of Reading
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