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    2503 Swamp Pike

    SANATOGA, PA 19464
    • $419,900
    • STATUS: Active Under Contract
    • ON SITE: 44 days
    • MLS #: PAMC2005664
    Under Contract
    UPDATED: 121 min ago
    $419,900
    • 0
      BEDS
    • 1.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,001
      SQFT
    • $84
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Information

    Middle School:
    High School:
    School District:

    Description

    Large 6 Unit 1 acre property, fully rented and ready for its next owner. This farmhouse has 5 happy tenants and one barn rented out for storage. The property itself is zoned Convenience Commercial, which is fundamentally your typical commercial zoning (See zoning description for details). Excellent CAP rate! See Profit and Loss math below. High income producing property w/extremely low bills & great POSITIVE cash-flow. Very low maintenance w/great on-time paying tenants in place. Rent income produces $1,900+ positive cash-flow per month or $23K+ per year after all expenses! ALL utilities separated, PUBLIC SEWER AND PRIVATE WELL. Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Sewer/Trash/Common Lights/Gas to heat the laundry room ($5,078/year) Insurance ($1,910/year) & Taxes ($6,424/year). Unit 1 (1BR) $500/mo ($6,000/year). Unit 2 (2BR) $700/mo ($8,400/year). Unit 3 (1BR) $600/mo ($7,200/year). Unit 4 $500/mo (1BR) ($6,000/yr). Unit 5 $450/mo (1BR) ($5,400/yr). Unit 6 $300/mo (Storage Barn) ($3,600/yr). P&L Math: Rents:500+700+600+500+450+300 =$3,050 per month gross income. $3,050x12 (months) = $36,600 -$5,078(Sewer/Trash/Common Lights/Gas) -$1,910 (Insurance) -$6,424 Taxes = $23,188 positive cash flow.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-23T15:55:36.317.
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    2503 Swamp Pike SANATOGA, PA 19464

    • Price: $419,900
    • Status: Active Under Contract
    • Updated: 121 min ago
    • MLS #: PAMC2005664
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.08
    Acres
    5,001
    SQFT
    $84
    $/SQFT
    1900
    Built
    Neighborhood:
    Fagleysville
    County:
    Montgomery
    Area:
    New Hanover Twp (10647)
    Middle School:
    Boyertown
    High School:
    Boyertown Area Senior
    School District:
    Boyertown Area
    Property Description
    Large 6 Unit 1 acre property, fully rented and ready for its next owner. This farmhouse has 5 happy tenants and one barn rented out for storage. The property itself is zoned Convenience Commercial, which is fundamentally your typical commercial zoning (See zoning description for details). Excellent CAP rate! See Profit and Loss math below. High income producing property w/extremely low bills & great POSITIVE cash-flow. Very low maintenance w/great on-time paying tenants in place. Rent income produces $1,900+ positive cash-flow per month or $23K+ per year after all expenses! ALL utilities separated, PUBLIC SEWER AND PRIVATE WELL. Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Sewer/Trash/Common Lights/Gas to heat the laundry room ($5,078/year) Insurance ($1,910/year) & Taxes ($6,424/year). Unit 1 (1BR) $500/mo ($6,000/year). Unit 2 (2BR) $700/mo ($8,400/year). Unit 3 (1BR) $600/mo ($7,200/year). Unit 4 $500/mo (1BR) ($6,000/yr). Unit 5 $450/mo (1BR) ($5,400/yr). Unit 6 $300/mo (Storage Barn) ($3,600/yr). P&L Math: Rents:500+700+600+500+450+300 =$3,050 per month gross income. $3,050x12 (months) = $36,600 -$5,078(Sewer/Trash/Common Lights/Gas) -$1,910 (Insurance) -$6,424 Taxes = $23,188 positive cash flow.
    Exterior Features

    Architectural Style ColonialFarmhouse/National Folk Construction Materials BrickMasonry Exterior Features Exterior LightingSidewalks Garage YN No Location Type Suburban Lot Features Backs To TreesClearedCornerFront YardLevelOpenPremiumRear YardSideyard(S) Other Structures Above GradeBelow Grade Parking Features Crushed Stone Parking Types Driveway Patio And Porch Features BalconyDeck(S)Patio(S)RoofWrap Around Pool No Pool Riparian Rights YN No Roof PitchedMetal View Scenic VistaPanoramic Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 5001 Basement FullOutside EntranceWalkout Stairs Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 600 Cooling Window Unit(S)Ceiling Fan(S) Fireplace YN No Heating Hot WaterRadiantBaseboard - Hot Water Heating YN Yes Interior Features Built-InsCarpetCeiling Fan(S)Dining AreaCombination Kitchen/LivingCombination Kitchen/DiningCombination Dining/LivingEntry Level BedroomFloor Plan - OpenKitchen - Table SpaceKitchen - Eat-InPantryStall ShowerTub Shower Security Features Smoke DetectorCarbon Monoxide Detector(S) Single Room Units 1 Three Bedroom Units 0 Two Bedroom Units 1

    Property Features

    Acceptable Financing CashConventionalFhaUsdaVa Accessibility Features Level Entry - Main Assessment Year 2021 Association YN No Central Air YN No Cooling Fuel Electric Cross Street Fagleysville & Sanatoga Existing Lease Type Month To Month Green Remarks Please See Presentation Of OffersPlease Review The Docs Uploaded Here. All Questions Are Answered There. Although Springer Typically Offers Escrow ServicesAs The Listing AgentI Am Not Offering Escrow Services On This Listing. Springer Realty Group Broker Number: Ro301482. Gregory Martire License Number 225353. Heating Fuel Natural Gas Hot Water Electric Insurance Expense 160.00 Municipality New Hanover Twp Navigable Water YN N New Construction YN No Number Of Units Leased 6 Number Of Units Total 4 Number Of Units Vacant 0 Original MLSNumber 800894110248 Owner Pays InsuranceSewerTrash Collection Ownership Interest Fee Simple Possession 0-30 Days CdSettlement Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 6584.00 Tax Assessment Amount 190000.00 Tax Lot 032 Total Actual Rent 36600.00 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileCommuter Lots Less Than 5 Miles Trash Expense 115.00 Vacation Rental YN No Water Average Monthly 0 Water Last12 Months 0.00 Water Source Well Year Built Effective 2010 Zoning Cc Zoning Description Convenience Commercial. Full info: Https://Ecode360.Com/31481626?Highlight=Cc&Searchid=264558080872756#31481626

    Listing courtesy of Springer Realty Group.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-23T15:55:36.317.
     
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