Bernville, PA 19506,400 N MAIN ST
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Bernville, PA 19506,400 N MAIN ST
Bernville, PA 19506,400 N MAIN ST
Bernville, PA 19506,400 N MAIN ST
Bernville, PA 19506,400 N MAIN ST

$640,000

Est. payment /mo

$695,000

7.9%
Est.Price: ?

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400 N MAIN ST Bernville, PA 19506

0.34 Acres Lot

SOLD DATE : 07/26/2021

Key Details

Sold Price $640,000

Property Type Multi-Family

Sub Type End of Row/Townhouse

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PABK377816

Sold Date 07/26/21

Style Colonial

HOA Y/N N

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $5,861

Tax Year 2020

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 0.00 x 0.00

Property Description

This is an incredible, suburban, income-producing NINE (9!) unit property with a 14 car parking lot and a HUGE shed/barn-like structure (38x40) that is not currently rented (but could be for additional income). Also note, each unit has a storage locker in the basement, which is included in the monthly rent (again, these lockers could be income sources should the new landlord want to charge for them). Each unit also has a washer and dryer hookup (appliances are tenant-owned) in the basement. There are separate electric meters and hot water heaters for each unit (tenant pays electric and cable). The roof was replaced in 2019 and the two cast-iron boilers are only 8 years old. Gross operating income is $93,600/A. Expenses run approximately $36,000/A, including taxes, insurance, trash, water/sewer, cleaning/maintenance, credit checks, permits/fees, repairs, and utilities (oil & owner's electrical meter. Cap rate 8% with loads of potential for even higher ROI.

Location

State PA

County Berks

Area Bernville Boro (10229)

Zoning TOWN CENTER

Interior

Hot Water Electric

Heating Baseboard - Hot Water

Cooling None

Heat Source Oil

Exterior

Garage Spaces 14.0

Water Access N

Accessibility None

Total Parking Spaces 14

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Tulpehocken Area

Others

Tax ID 29-4450-11-55-4073

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Heather Christie • BHHS Homesale Realty- Reading Berks
Bought with Martin A Yourkavitch • Coldwell Banker Realty

Ofelia Knapp

Agent | License ID: 0225263515

+1(703) 615-0094

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