Sanatoga, PA 19464,2503 SWAMP PIKE
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Sanatoga, PA 19464,2503 SWAMP PIKE
Sanatoga, PA 19464,2503 SWAMP PIKE
Sanatoga, PA 19464,2503 SWAMP PIKE
Sanatoga, PA 19464,2503 SWAMP PIKE

$385,000

Est. payment /mo

$419,900

8.3%
Est.Price: ?

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2503 SWAMP PIKE Sanatoga, PA 19464

5,001 SqFt

SOLD DATE : 11/17/2021

Key Details

Sold Price $385,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 5,001 sqft

Price per Sqft $76

Subdivision Fagleysville

MLS Listing ID PAMC2005664

Sold Date 11/17/21

Style Colonial,Farmhouse/National Folk

HOA Y/N N

Abv Grd Liv Area 5,001

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $6,584

Tax Year 2021

Lot Size 1.084 Acres

Acres 1.08

Lot Dimensions 230.00 x125.00

Property Description

Large 6 Unit 1 acre property, fully rented and ready for its next owner. This farmhouse has 5 happy tenants and one barn rented out for storage. The property itself is zoned Convenience Commercial, which is fundamentally your typical commercial zoning (See zoning description for details). Excellent CAP rate! See Profit and Loss math below. High income producing property w/extremely low bills & great POSITIVE cash-flow. Very low maintenance w/great on-time paying tenants in place. Rent income produces $1,900+ positive cash-flow per month or $23K+ per year after all expenses! ALL utilities separated, PUBLIC SEWER AND PRIVATE WELL. Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Sewer/Trash/Common Lights/Gas to heat the laundry room ($5,078/year) Insurance ($1,910/year) & Taxes ($6,424/year). Unit 1 (1BR) $500/mo ($6,000/year). Unit 2 (2BR) $700/mo ($8,400/year). Unit 3 (1BR) $600/mo ($7,200/year). Unit 4 $500/mo (1BR) ($6,000/yr). Unit 5 $450/mo (1BR) ($5,400/yr). Unit 6 $300/mo (Storage Barn) ($3,600/yr). P&L Math: Rents:500+700+600+500+450+300 =$3,050 per month gross income. $3,050x12 (months) = $36,600 -$5,078(Sewer/Trash/Common Lights/Gas) -$1,910 (Insurance) -$6,424 Taxes = $23,188 positive cash flow.

Location

State PA

County Montgomery

Area New Hanover Twp (10647)

Zoning CC

Rooms

Basement Full, Outside Entrance, Walkout Stairs

Interior

Interior Features Built-Ins, Carpet, Ceiling Fan(s), Dining Area, Combination Kitchen/Living, Combination Kitchen/Dining, Combination Dining/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Table Space, Kitchen - Eat-In, Pantry, Stall Shower, Tub Shower

Hot Water Electric

Heating Hot Water, Radiant, Baseboard - Hot Water

Cooling Window Unit(s), Ceiling Fan(s)

Fireplace N

Heat Source Natural Gas

Exterior

Exterior Feature Balcony, Deck(s), Patio(s), Roof, Wrap Around

Garage Spaces 20.0

Water Access N

View Scenic Vista, Panoramic

Roof Type Pitched,Metal

Accessibility Level Entry - Main

Porch Balcony, Deck(s), Patio(s), Roof, Wrap Around

Total Parking Spaces 20

Garage N

Building

Lot Description Backs to Trees, Cleared, Corner, Front Yard, Level, Open, Premium, Rear Yard, SideYard(s)

Sewer Public Sewer

Water Well

Architectural Style Colonial, Farmhouse/National Folk

Additional Building Above Grade, Below Grade

New Construction N

Schools

Middle Schools Boyertown

High Schools Boyertown Area Senior

School District Boyertown Area

Others

Tax ID 47-00-07112-005

Ownership Fee Simple

SqFt Source Assessor

Security Features Smoke Detector,Carbon Monoxide Detector(s)

Acceptable Financing Cash, Conventional, FHA, USDA, VA

Listing Terms Cash, Conventional, FHA, USDA, VA

Financing Cash,Conventional,FHA,USDA,VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Gregory Martire • Springer Realty Group
Bought with Joseph Frank Rizzo • Dyer Nixon Property Management

Travis Gray

Advisor | License ID: 636268

+1(301) 641-0809

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