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Key Details
Sold Price $255,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,596 sqft
Price per Sqft $98
Subdivision Muhlenberg Park
MLS Listing ID PABK371420
Sold Date 05/06/21
Style Other
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 2,596
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $3,339
Tax Year 2021
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Description
ENDLESS OPPORTUNTIES WITH THIS LUCRATIVE INVESTMENT OPPORTUNITY IN LAURELDALE - 2 PARCELS, 2 UNITS, 1 SALE! Video tours are available for both units. This meticulously maintained 3 story brick detached residential building has tons of potential and is in an excellent location. For the last 24 years the owner has utilized the 1st floor unit to operate a very successful beauty salon. As of December 31, 2020 the owner will be retiring and closing the business. An integral service provider for more than two decades, the closure will lead to clients looking elsewhere for their beauty needs. Could that someone be you? Beauty salon equipment is also available for sale if the buyer wants to keep the function of the lower level the same. Not interested in a salon, perhaps an insurance, accounting, financial advisory, real estate, massage therapy, or small doctors office...or turn it into another rental unit. The second and third story serve as a rental unit. Tenant is on month to month lease (lease expired and no renewal) and would like to stay in the unit upon the buildings purchase. Tenant pays $550 a month including heat (FMV would be approx.. $1,000-$1,200). Let's talk mechanicals...this property was switched from oil to natural gas about 8-12 years ago increasing the efficiency and lowering the cost of utilities. Equipped with a rubber roof this building is ready to weather the storm; owner is in process of securing a certification of the condition of the roof including an estimation on how many more years left until replacement. Separate electric, water heater, and air conditioning source for both units (1st floor is central AC, 2nd/3rd floor is window units), making it easy to track and bill separate tenants. PLENTY OF PARKING! The second parcel included in the sale is the adjacent parking lot which can comfortably fit about 10 cars in with plenty of maneuverability. Feeling extra ambitious? Build an additional structure on your vacant piece of land! This property also includes updated exterior steel stairs to the upper unit, and a handicap accessible ramp. Both have been certified as L&I ensuring all compliance and integrity of the upgrades.
Location
State PA
County Berks
Area Laureldale Boro (10257)
Zoning 138 RES
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C, Window Unit(s)
Heat Source Oil
Exterior
Utilities Available Natural Gas Available
Waterfront N
Water Access N
Roof Type Rubber
Accessibility 2+ Access Exits, Accessible Switches/Outlets, Other, Wheelchair Mod
Parking Type Parking Lot
Garage N
Building
Lot Description Additional Lot(s)
Story 3
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Muhlenberg
School District Muhlenberg
Others
Senior Community No
Tax ID 57-5319-17-10-2163
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Nehemiah J Lindo • Iron Valley Real Estate of Berks