Hamburg, PA 19526,69 S 3RD ST
See all 10 photos
Hamburg, PA 19526,69 S 3RD ST
Hamburg, PA 19526,69 S 3RD ST
Hamburg, PA 19526,69 S 3RD ST
Hamburg, PA 19526,69 S 3RD ST

$265,000

Est. payment /mo

$299,000

11.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

69 S 3RD ST Hamburg, PA 19526

0.25 Acres Lot

SOLD DATE : 05/02/2017

Key Details

Sold Price $265,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID 1003329177

Style Other

Year Built 1920

Annual Tax Amount $7,836

Tax Year 2017

Lot Size 10,890 Sqft

Property Description

GREAT INVESTMENT OPPORTUNITY! Turn key 6-7 unit mixed use property with a bonus 7-8 car garage. Gross rental income $49,000 with potential of up to $58,000. Low maintenance money maker! VERY CONSISTENT INCOME! Owner pays gas heat, water/sewer, and trash. Tenants pay their own hot water and electric. Property consists of two separate buildings on one parcel. Front building has a successful commercial hair salon on the first floor with full bath(tenant for 20 years), life lease tenant on second floor, and a 1 bedroom apt on the third floor. Rear building consists of two 2 bedroom units and one 1 bedroom unit as well as multiple storage areas and a 7-8 car garage(currently empty). Several improvements were made in the last year including a new front sidewalk, gas boiler conversion/chimney liner, new fencing, and misc new roofing, just to name a few. Building is priced with a 9.7% cap rate as is, but has an upswing potential of another 9500+ per year.

Location

State PA

County Berks

Area Hamburg Boro (10246)

Zoning MIXED

Rooms

Other Rooms Primary Bedroom

Interior

Hot Water Electric

Heating Oil

Cooling Wall Unit

Laundry None

Exterior

Garage Spaces 3.0

Water Access N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Hamburg Area

School District Hamburg Area

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Jerry G Buffa • Coldwell Banker Realty
Bought with Penny L Noll • RE/MAX Of Reading
agent

Jason Gareau

Broker

+1(609) 929-4486

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.