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Key Details
Sold Price $155,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 796 sqft
Price per Sqft $194
Subdivision Berkshire Heights
MLS Listing ID PABK373190
Sold Date 05/07/21
Style Bungalow,Ranch/Rambler
HOA Y/N N
Abv Grd Liv Area 796
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $1,952
Tax Year 2020
Lot Size 4,792 Sqft
Acres 0.11
Lot Dimensions 0.00 x 0.00
Property Description
This is part of a package deal. Included is 337 and 337 Rear. Both units have their own separate deed and tax identification number. Front unit is a nice 2 bedroom ranch with a nice side yard with gas heat. Unit is rented month to month at $890. Rear unit, 337 R has it's own alleyway entrance and two off street parking spots. 337 R is a small 1/2 bedroom cottage with oil heat. The unit is rented at $600 a month and the tenant is month to month. If you're looking for a nice suburban rental with good numbers, look no further. With all the development going on in the area and the new medical school and major employers in walking distance (UGI, TeleFlex and Customers Bank), this is an area that many investors see as an up and coming location. The new Drexel University College of Medicine at Tower Health is only a 4 block walk from the property and is scheduled to open in the Fall of 2021 bringing in up to 200 medical students and professors. Current cap rate is a little over 8%, but with a few improvements and scheduled developments in the area, the units can demand a higher rent and capitalization rate moving forward.
Location
State PA
County Berks
Area Wyomissing Boro (10296)
Zoning RESIDENTIAL
Rooms
Basement Other
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Heat Source Natural Gas, Oil
Exterior
Garage Spaces 2.0
Water Access N
Roof Type Asphalt
Accessibility None
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Ranch/Rambler
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Wilson
Others
Tax ID 96-5307-13-03-1679
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 William Jack • Keller Williams Elite