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    2503 Swamp Pike

    SANATOGA, PA 19464
    • $419,900
    • STATUS: Active Under Contract
    • ON SITE: 47 days
    • ID#: PAMC2007504
    Under Contract
    UPDATED: 55 min ago
    $419,900
    • 0
      BEDS
    • 1.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    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 Drayton Young. 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: 2021-09-27T19:50:36.627.
    www.draytonyounggroup.com/homes/120266992
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    2503 Swamp Pike SANATOGA, PA 19464

    • Price: $419,900
    • Status: Active Under Contract
    • Updated: 55 min ago
    • ID#: PAMC2007504
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.08
    Acres
    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

    Construction Materials BrickMasonry Garage YN No Location Type Suburban Lot Features Backs To TreesFront YardLevelOpenRear YardSideyard(S) Parking Types Driveway Riparian Rights YN No Roof PitchedMetal View PanoramicScenic VistaTrees/WoodsValley Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 5001.00 Cooling Window Unit(S)Ceiling Fan(S) Heating RadiantHot WaterBaseboard - Hot Water Heating YN Yes Net Square Feet 5601.00 Security Features Smoke DetectorCarbon Monoxide Detector(S)

    Property Features

    Acceptable Financing CashConventionalFhaUsdaVa Accessibility Features Level Entry - Main Annual Gross Expense 13252.00 Assessment Year 2021 Association YN No Business Type Apartment BuildingAuto RelatedBanquet Facility/LodgeBed And BreakfastBowling AlleyCar Wash/Truck WashConvenience Store/GasDay Care FacilityFlexFuneral HomeGarden CenterHair Salon And SpaHealth ClubOther/General RetailProfessionalRecreationRestaurant/BarSupermarket/Grocery StoreTheaterTruck Maintenance FacilityVet/Kennel Central Air YN No Cooling Fuel Electric Cross Street Fagleysville & Sanatoga Electric Expense 33.00 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. Gross Income 3050.00 Heating Fuel Natural Gas Hot Water Electric Insurance Expense 159.00 Municipality New Hanover Twp Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 800938744910 Other Expense 250.00 Owner Pays InsuranceSewerTaxes - Real EstateTrash Collection Ownership Interest Fee Simple Possession 0-30 Days CdSettlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 6584.00 Tax Assessment Amount 190000.00 Tax Lot 032 Total Actual Rent 36600.00 Transportation Airport Less Than 10 MilesCommuter Lots Less Than 5 MilesBus Stop Less Than 1 Mile Trash Expense 115.00 Vacation Rental YN No 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 Drayton Young. 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: 2021-09-27T19:50:36.627.
     
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