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122 Penn Avenue

HATFIELD, PA 19440
  • $979,900
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: PAMC2010126
UPDATED: 10 min ago
$979,900
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,234
    SQFT
  • $187
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1937
County:

School Ratings & Info

School District:

Description

This Hatfield Borough 4 unit offers a lucrative investment opportunity generating over $71,750 per year. This property includes (1) Four Bedroom Cape Cod Home, (2) Three bedroom units, and (1) Five bedroom unit. The Cape Cod style home that faces Penn Ave was the original home, while the 3 units were added in 2008/2009. All units are currently rented. The property includes a large 9 car paved parking area for tenants as well as on street parking. Each unit has it's own designated storage area, and a pay for laundry access in the basement. All units are in good to excellent condition and many tenants have been long term. Unit A is a 4 bedroom Cape Cod is rented by 4 individuals all with separate leases totaling $2350 per month. (owner pays these additional utilities on this unit only. Average monthly bills - Electric is $150 - Oil is $140). Unit B is a first floor 3 Bed/ 1.5 Bath unit and rents for $1125/month. (all electric and paid by tenant). Unit C is a first floor 3 Bed / 1 Bath unit and rents for $995/month. (all electric and paid by tenant). Unit D is a 2nd floor 5 Bedroom / 2 Full Bath unit and rents for $1495/month. (all electric and paid by tenant). The following items are avg. monthly costs paid by the owner and cover the total 4 units. Water $82 - Sewer $134 - Trash $82 - Insurance $263 - Taxes $580 - Maintenance/Repairs $480. Some of the current rents are below current market value. Schedule a showing today!

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Crews Real Estate | EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-29T15:51:39.57.
www.crewsrealestate.com/homes/122743097
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122 Penn Avenue HATFIELD, PA 19440

  • Price: $979,900
  • Status: Active
  • On Site: 33 Days
  • Updated: 10 min ago
  • ID#: PAMC2010126
0
Beds
0
Baths
0
½ Baths
0.39
Acres
5,234
SQFT
$187
$/SQFT
1937
Built
Neighborhood:
Hatfield Boro (10609)
County:
Montgomery
Area:
Hatfield Boro (10609)
School District:
North Penn
Property Description
This Hatfield Borough 4 unit offers a lucrative investment opportunity generating over $71,750 per year. This property includes (1) Four Bedroom Cape Cod Home, (2) Three bedroom units, and (1) Five bedroom unit. The Cape Cod style home that faces Penn Ave was the original home, while the 3 units were added in 2008/2009. All units are currently rented. The property includes a large 9 car paved parking area for tenants as well as on street parking. Each unit has it's own designated storage area, and a pay for laundry access in the basement. All units are in good to excellent condition and many tenants have been long term. Unit A is a 4 bedroom Cape Cod is rented by 4 individuals all with separate leases totaling $2350 per month. (owner pays these additional utilities on this unit only. Average monthly bills - Electric is $150 - Oil is $140). Unit B is a first floor 3 Bed/ 1.5 Bath unit and rents for $1125/month. (all electric and paid by tenant). Unit C is a first floor 3 Bed / 1 Bath unit and rents for $995/month. (all electric and paid by tenant). Unit D is a 2nd floor 5 Bedroom / 2 Full Bath unit and rents for $1495/month. (all electric and paid by tenant). The following items are avg. monthly costs paid by the owner and cover the total 4 units. Water $82 - Sewer $134 - Trash $82 - Insurance $263 - Taxes $580 - Maintenance/Repairs $480. Some of the current rents are below current market value. Schedule a showing today!
Exterior Features

Architectural Style Cape Cod Construction Materials BrickFrameVinyl Siding Garage YN No Location Type Suburban Lot Features Level Other Structures Above GradeBelow Grade Parking Features Paved Parking Parking Types Off StreetParking Lot Pool No Pool Property Condition Very Good Riparian Rights YN No Road Responsibility Boro/Township Road Surface Type Black Top Roof ShinglePitched Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 5234 Basement UnfinishedWalkout StairsSide EntranceInterior Access Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Exclusions Tenants Personal Property Fireplace YN No Fireplaces Total 0 Heating Baseboard - ElectricBaseboard - Hot Water Heating YN Yes Inclusions Washers And DryersRefrigerators in All Units. Single Room Units 0 Spa YN No Three Bedroom Units 2 Two Bedroom Units 0 Units Furnished None

Property Features

Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Assessment Year 2021 Central Air YN No Cooling Fuel None Electric 200+ Amp Service Elevators 0 Existing Lease Type Month To MonthGross Front Foot Fee 0.00 Gross Income 71760.00 Heating Fuel OilElectric Historic YN No Hot Water Electric Insurance Expense 3158.00 Internet Services CableFiber Optic Maintenance Expense 5750.00 Municipality Hatfield Boro Navigable Water YN N Net Operating Income 48850.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense Includes InsuranceSnow RemovalTrash Original MLSNumber 801008699822 Owner Pays Advertising/Licenses And PermitsLawn/Shrub CareTaxes - Real EstateSnow RemovalSewerWaterRepairsInsuranceTrash Collection Ownership Interest Fee Simple Pool Expense 0.00 Possession Immediate Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 7116.00 Tax Assessment Amount 210470.00 Tax Lot 107 Total Actual Rent 71760.00 Vacation Rental YN No Water Source Public Year Built Effective 2008 Zoning R3 Zoning Description Residential Commercial

Listing courtesy of Re/Max Reliance.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Crews Real Estate | EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-29T15:51:39.57.
 
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