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Key Details
Sold Price $505,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,580 sqft
Price per Sqft $90
MLS Listing ID PABK2025466
Sold Date 05/19/23
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $8,075
Tax Year 2023
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 0.00 x 0.00
Property Description
This 7 unit income property will surprise you with the excellent condition and nice finishes, which set it apart for tenants and owner. Most components of this property have been upgraded in the last 10 years, included roofs, water heater and Boiler, new concrete and walkways. Residents appreciate the nice finishes in kitchens and bathrooms, and original restored wood floors provide character. There is one commercial tenant, a salon that has been a long standing tenant, and six apartments. Space to add Laundry room for additional income. Landlord pays Sewer, Water, Trash and Heat (Gas Hot Water Heat) Tenant pay electric, each apartment is separately metered. The property is located on a well parked street, and has 4 on site parking spaces in rear garage. Located in rapidly growing Hamburg, residents can appreciate the solid job growth and new retail offerings. NOI is $39,640.
Location
State PA
County Berks
Area Hamburg Boro (10246)
Zoning VC
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Waterfront N
Water Access N
Accessibility None
Parking Type On Street, Private Garage
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Hamburg Area
Others
Tax ID 46-4494-05-09-9400
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Naomi Brown • SVN Latus