$250,000
$270,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
3,080 SqFt
SOLD DATE : 01/24/2017
Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,080 sqft
Price per Sqft $81
Subdivision None Available
MLS Listing ID 1003481429
Sold Date 01/24/17
Style Other
HOA Y/N N
Abv Grd Liv Area 3,080
Originating Board TREND
Year Built 1880
Annual Tax Amount $5,165
Tax Year 2016
Lot Size 8,160 Sqft
Acres 0.19
Lot Dimensions 60
Property Description
Your opportunity to own an quality 3 unit investor seasoned and well built solid Brick Farmhouse style property with a high capitalization rate in Royersford has arrived. Locally known the Brick Castle, surrounded by a 8 foot stone castle wall, this property has great curb appeal and sitting high off the street gives it a stately appearance and privacy that's unmatched in town. Having a completely fenced in yard on top of that is a big plus for safety and security. Offering an ADA ramp property entrance and accessibility to two of the units, it is a great addition for wheelchair accessibility. Ever want to have someone else pay your mortgage and live for free? Well you can here and have a beautiful home that the tenants pay your monthly mortgage and you still have income left to pocket each month. This property offers a new owner positive cash flow from day one and if profits are used to pay down principal mortgage, you're paid off in 7 years and bringing 33,000 in additional income for the balance of your ownership, pretty sweet deal for someone who recognizes the opportunity. This property has had continuous ownership that has separated all electrical utilities, which means your getting a well maintained, well oiled cash producing machine with a great rental history and low owner paid expenses, which equals a great real estate investment. Here is what you'll get: All 3 units have completely updated kitchen and baths, plumbing and electric, new paint and newer carpet. All units have a separate entrances from the gated yard. Each unit has separate electric and heat. There is common area laundry in the basement, in addition to Unit #3 having it's own laundry room. This property has been professionally appraised and priced to sell quickly. You are strongly encourage you schedule an appointment before someone else gets this great investment first. This is a cash flow machine, don't let this investor opportunity pass you by.
Location
State PA
County Montgomery
Area Royersford Boro (10619)
Zoning R3
Direction South
Rooms
Other Rooms Primary Bedroom
Basement Partial, Unfinished
Interior
Interior Features Ceiling Fan(s)
Hot Water Electric
Heating Oil, Electric, Hot Water, Baseboard
Cooling None
Flooring Fully Carpeted, Vinyl, Tile/Brick
Fireplace N
Window Features Replacement
Heat Source Oil, Electric
Laundry Dryer In Unit, Common, Has Laundry
Exterior
Fence Other
Utilities Available Cable TV Available
Water Access N
Roof Type Pitched,Shingle
Accessibility Mobility Improvements
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Royersford
Middle Schools Spring-Ford Ms 8Th Grade Center
High Schools Spring-Ford Senior
School District Spring-Ford Area
Others
Tax ID 19-00-02952-008
Ownership Fee Simple
Acceptable Financing Conventional, VA, FHA 203(b)
Listing Terms Conventional, VA, FHA 203(b)
Financing Conventional,VA,FHA 203(b)
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Bought with Patricia Tabor • Long & Foster Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "