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: ?

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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

Sold Date 05/02/17

Style Other

HOA Y/N N

Originating Board TREND

Year Built 1920

Annual Tax Amount $7,836

Tax Year 2017

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions IRREG

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

Basement Full

Interior

Hot Water Electric

Heating Oil

Cooling Wall Unit

Fireplace N

Heat Source Oil

Laundry None

Exterior

Garage Spaces 3.0

Water Access N

Accessibility None

Total Parking Spaces 3

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

New Construction N

Schools

High Schools Hamburg Area

School District Hamburg Area

Others

Tax ID 46-4494-05-09-9400

Ownership Fee Simple

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

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Matthew Kimmey

+1(443) 966-4683

Broker | License ID: 666615

Broker License ID: 666615

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