$265,000
$299,000
11.4%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
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
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Bought with Penny L Noll • RE/MAX Of Reading