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5 Main Street

SCHWENKSVILLE, PA 19473
  • $699,000
  • STATUS: Active Under Contract
  • ON SITE: 13 Days
  • ID#: PAMC2048338
Under Contract
UPDATED: 212 min ago
$699,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,200
    SQFT
  • $218
    $/SQFT
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

School District:

Description

This is a terrific opportunity for an investor or owner-occupant with a phenomenal location in the quaint village of Spring Mount. 1st time available in nearly 40 years! Low maintenance brick exterior and a new roof in 2/2022. 3 residential apartments and 1 long term ground floor restaurant tenant (sale does not include the pizza shop business). Two of the apartments were fully updated in the last couple of years, the 3rd is well maintained by a long term tenant. Currently a little over a 7 cap, but definite value add candidate as the rents are under market, coin op machines could be added, and there is a possibility to frame out the rest of the 2nd floor area to create another apartment unit (confirm with township for all allowed/approved uses). The first floor has the pizza shop as well as a 1 bedroom apartment, the 2nd floor has two - 2 bedroom apartments. Apartments have access via a side building entrance with common stairwell. Basement houses the boiler units, hot water heaters, and tenant storage. Apartments have always been easy rentals, the Perkiomen Trailhead entrance is 500ft behind the building, and offers a steady flow of customers for the storefront, and is also a great tenant amenity. Agent is a relative of seller.

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©2022 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 John Kriza Real Estate Team | Beiler-Campbell Realtors. 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: 2022-08-18T00:00:47.17.
www.johnkrizateam.com/homes/131635704
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5 Main Street SCHWENKSVILLE, PA 19473

  • Price: $699,000
  • Status: Active Under Contract
  • On Site: 13 Days
  • Updated: 212 min ago
  • ID#: PAMC2048338
0
Beds
0
Baths
0
½ Baths
0.15
Acres
3,200
SQFT
$218
$/SQFT
1920
Built
Neighborhood:
Lower Frederick Twp (10638)
County:
Montgomery
Area:
Lower Frederick Twp (10638)
School District:
Perkiomen Valley
Property Description
This is a terrific opportunity for an investor or owner-occupant with a phenomenal location in the quaint village of Spring Mount. 1st time available in nearly 40 years! Low maintenance brick exterior and a new roof in 2/2022. 3 residential apartments and 1 long term ground floor restaurant tenant (sale does not include the pizza shop business). Two of the apartments were fully updated in the last couple of years, the 3rd is well maintained by a long term tenant. Currently a little over a 7 cap, but definite value add candidate as the rents are under market, coin op machines could be added, and there is a possibility to frame out the rest of the 2nd floor area to create another apartment unit (confirm with township for all allowed/approved uses). The first floor has the pizza shop as well as a 1 bedroom apartment, the 2nd floor has two - 2 bedroom apartments. Apartments have access via a side building entrance with common stairwell. Basement houses the boiler units, hot water heaters, and tenant storage. Apartments have always been easy rentals, the Perkiomen Trailhead entrance is 500ft behind the building, and offers a steady flow of customers for the storefront, and is also a great tenant amenity. Agent is a relative of seller.
Exterior Features

Architectural Style Colonial Construction Materials Brick Garage YN No Other Structures Above Grade Parking Types Off SiteDriveway Pool No Pool Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3200 Cooling Ceiling Fan(S)Window Unit(S) Exclusions Tenant Personal Belongs And Commercial Tenant Equipment Heating Hot Water Heating YN Yes Inclusions Appliances Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

Property Features

Acceptable Financing ConventionalCash Accessibility Features None Assessment Year 2022 Central Air YN No Cooling Fuel None Existing Lease Type Modified Gross Foundation Details Brick/Mortar Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 3630.00 Municipality Lower Frederick Twp Navigable Water YN N Net Operating Income 49692.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Original MLSNumber 801789168166 Ownership Interest Fee Simple Possession Immediate Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 6305.00 Tax Assessment Amount 150190.00 Tax Lot 96 Total Actual Rent 61800.00 Trash Expense 2197.00 Vacation Rental YN No Water Source Public Zoning Nc

Listing courtesy of Rockland Capital Llc.


©2022 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 John Kriza Real Estate Team | Beiler-Campbell Realtors. 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: 2022-08-18T00:00:47.17.
 
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John Kriza Real Estate Team | Beiler-Campbell Realtors
402 Bayard Rd. Ste. 100
Kennett Square PA, 19348