$525,000
$525,000
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2,286 SqFt
SOLD DATE : 08/13/2024
Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,286 sqft
Price per Sqft $229
MLS Listing ID PAMC2107250
Sold Date 08/13/24
Style Other
Abv Grd Liv Area 2,286
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $5,827
Tax Year 2023
Lot Size 10,000 Sqft
Acres 0.23
Lot Dimensions 50.00 x 0.00
Property Description
Would you like to have part of your mortgage covered? Here's a fantastic opportunity to live in one unit and receive payments from the other two! This meticulously maintained three-unit building offers multiple income streams. The current owners occupy the second floor, featuring a spacious three-bedroom layout. The first floor houses an efficiency apartment in rear and a hair salon rental in the front. The owners, who have lived on the upper level for over 10 years, have created a beautiful place to call home. The main apartment boasts a $42,000 renovated kitchen with quartz countertops, carrara marble backsplash, an undermounted sink, an island, and stainless-steel appliances. The updated bathroom features tile floors, an extra-wide tub, and dual vessel granite sinks. The open floor plan includes a family room connected to the kitchen, and a dining area that can double as an office or den. Hardwood floors extend throughout the unit. The rear efficiency apartment on the first floor offers a new galley-style kitchen, a dining area, and an updated bathroom with a shower stall. It also has basement access and washer/dryer hookups. The front portion of the first floor is currently rented to a local hair salon. The backyard is a gardener’s tranquil paradise, perfect for hosting parties or relaxing with a good book. It features a paver patio, gazebo, and greenhouse. An automatic irrigation system (timers not included) simplifies garden maintenance. The garden includes espaliered fruit trees such as 2 Paw Paw trees, 1 peach tree, 2 persimmon trees, and 1 dwarf mulberry tree. There’s also 3 car parking in the rear, and the garage, which has been closed off, can easily be converted back for covered parking. This property is ideal for those needing extra space for a parent or first time home buyer, with endless possibilities for use. Each unit has its own electric meter, and tenants pay for their own hot water. The owner currently covers heating for the first-floor units. Solar panels, with no remaining lease, will stay with the property. An electric car charger is also installed. Sellers have spent over $300,000 in updates over the years to your benefit. Central air on upper 3 bedroom unit, mini-split in rear efficiency and window unit in salon. This is zoned for 2 residential units with a non-conforming permit for salon with commercial space. Located within walking distance to Spring-Ford schools and minutes from Route 422, this property is an excellent investment. Schedule your appointment today and start investing in your future!
Location
State PA
County Montgomery
Area Royersford Boro (10619)
Zoning R2
Rooms
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Ductless/Mini-Split, Central A/C
Flooring Wood, Fully Carpeted, Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Cable TV Available
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type Driveway, On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Spring-Ford Area
Others
Tax ID 19-00-05404-004
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, VA, FHA 203(b)
Listing Terms Conventional, VA, FHA 203(b)
Financing Conventional,VA,FHA 203(b)
Special Listing Condition Standard
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Bought with Allen Jin-Kee Kim • United Real Estate Strive 212
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