126 North Main Street

Spring City, PA 19475

$580,000
Price
Beds
2,040 Sq. Ft.
$284 / Sq. Ft.
2,040
Sq. Ft.
$284
per Sq. Ft.

Description

RARE investment opportunity located along Spring City's Main Street! This iconic building is the publics welcome sign into the borough! 126 N Main St is fully-leased and ready for its next property owner. Property has approved plans to be a 5-unit building, first floor commercial (approved plans), with Four 1-bedroom units with 1 car garage. The mural has a 10 year policy with about 9 years left. A brand new parking lot was installed in 2023 by the borough, adjacent to the building. This property...RARE investment opportunity located along Spring City's Main Street! This iconic building is the publics welcome sign into the borough! 126 N Main St is fully-leased and ready for its next property owner. Property has approved plans to be a 5-unit building, first floor commercial (approved plans), with Four 1-bedroom units with 1 car garage. The mural has a 10 year policy with about 9 years left. A brand new parking lot was installed in 2023 by the borough, adjacent to the building. This property is for sale along with 2 other properties in the investors portfolio. Building Plans, SPD, LPD, Proforma will be provided. Buyers will need to show proof of funds before showings will be scheduled. All units are tenant occupied and will need 24 hours notice to show. Listing agent will be present with all showings. Other properties- MLS# PAMC2098754 , PACT2062310 , PACT2062312

Property Details for 126 North Main Street

Tax ID Number
14-04 -0201
Ownership
Fee Simple
Structure Type
Other
Style
Other
Waterfront
No
Garage
No
Municipality
SPRING CITY BORO
Central Air
No

Location

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LISTING UPDATED: 03/22/2024 09:02 PM

Property Details for 126 North Main Street

StatusActive
MLS #PACT2062310
Days on Market39
Taxes$3,901 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.13 AC / 5,879 SF
CountyChester County

Location

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Building Information for 126 North Main Street

Stories-Residences4Year Built1900Building Size-Lot Size0.13 AC / 5,879 SF

Payment Calculator

$3,490 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,165

Property Taxes

$325

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 126 North Main Street

Location
Location
  • School District Name: SPRING-FORD AREA
  • School District County ID: 300200397333
  • SchoolDistrictSource: 3rd Party
  • County: CHESTER
  • MLS Area: Spring City Boro (10314)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $99,000
  • Year Assessed: 2023
  • County Tax: $451
  • Improvement Assessed Value: $67,810
  • City Town Tax: $513
  • Land Assessed Value: $31,190
  • Clean Green Assessed: No
  • Land Use Code: R20
  • Zoning: DC
  • Zoning Dscrp: Downtown Commercial
  • Tax Lot: 0201
  • School Tax: $2,937
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Water, Sewer, Trash Collection, Common Area Maintenance
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 4
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
Financial Information
Expenses
  • Operating Expense: $7,417
  • Insurance Expense: $802
  • Trash Expense: $600
Financial Information
  • Net Operating Income: $41,063
  • Cap Rate: 7.08
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,040.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 236578
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Parking Lot, Off Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Oil
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent URL: www.HomesWithHerr.com

Property History for 126 North Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 126 North Main Street

Taxable ValueLand$31,190Additions$67,810Total$99,000
Tax Record2022$3,808 ($317 / month)
Home Facts
Baths3.5Total Finished SqFt2,240 SqFtAbove Grade Finished SqFt2,040 SqFtFinished Basement SqFt200 SqFtStories3Lot Size5,879 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900ZoningDCCountyCHESTERAPN1404 02010000

Schools near 126 North Main Street

This home is within Spring-Ford Area School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
Spring City El School
PublicK to 4

Spring-Ford Shs 10-12 Gr Center
Public9 to 12

Spring-Ford Intrmd School 5th/6th
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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126 North Main Street is a multi-family home for sale in Spring City, PA 19475. This property was listed for sale on March 20, 2024, it's currently listed at $580,000. It has been on the market for a total of 39 days and was last sold on September 25, 2013. This listing's school district is Spring-Ford Area School District. Nearby schools include Spring City El School, Spring-Ford Shs 10-12 Gr Center and Spring-Ford Intrmd School 5th/6th. 126 North Main Street is a 0-bed, 0-bath, 2,040 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.