148 East Spring Street

Bechtelsville, PA 19505

$365,000
Last Sold Price
Beds
3,881 Sq. Ft.
$94 / Sq. Ft.
3,881
Sq. Ft.
$94
per Sq. Ft.

Description

Wow! Here's a great 5-unit investment opportunity with a low-maintenance building exteriors. You could also live in the front, detached dwelling and then have your own 4-unit apartment building to the rear! This property consists of two buildings, one of which has a 4 BR Cape Cod dwelling and the other building consisting of two (2) - 1 BR apartments and two (2) - 2 BR apartments. Rents are Cape Cod #1 @ $850/month; #2 @ $725/month; #3 @ $525/month; #4 @ $625/month; and #5 @ $725/month. These rents...Wow! Here's a great 5-unit investment opportunity with a low-maintenance building exteriors. You could also live in the front, detached dwelling and then have your own 4-unit apartment building to the rear! This property consists of two buildings, one of which has a 4 BR Cape Cod dwelling and the other building consisting of two (2) - 1 BR apartments and two (2) - 2 BR apartments. Rents are Cape Cod #1 @ $850/month; #2 @ $725/month; #3 @ $525/month; #4 @ $625/month; and #5 @ $725/month. These rents are below market value, so there's room to grow with the possible projected rents: Cape Cod #1 @ $1,195/month; #2 @ $795/month; #3 @ $650/month; #4 @ $695/month; and #5 @ $795/month. Four of the five tenants are long-term making this a solid investment. Tenants take care of lawn maintenance and snow removal. Owner pays sewer, trash, electric for lighting and well pump. All roofing has recently been replaced in 2020, with GAF lifetime shingles. Multi-unit, income-producing properties are very hard-to-find anymore, so this property will go fast! NOTE - Seller is a PA licensed real estate agent and is also the listing agent for this property. Overall condition is Excellent. Each person MUST complete, sign, and forward the COVID-PAN and COVID-HAS forms to the listing office, prior to entering the property. All showings MUST follow COVID-19 guidelines. No more than three (3) persons total, one of which is the agent, are permitted in the property at a time. It is mandatory that masks MUST be worn by every person entering the property. Thank you.
  1. Listed by Kyle E Gery • Brumbach Associates-Boyertown
    P: 6103670660 kubota7610@hotmail.com

Property Details for 148 East Spring Street

Tax ID Number
26-5398-09-15-0927
Ownership
Fee Simple
HOA
No
Structure Type
Other
Style
Cape Cod, Traditional
Waterfront
No
Garage
No
Municipality
BECHTELSVILLE BORO

Location

Listing Courtesy of Brumbach Associates-Boyertown

Sold By Vanguard Realty Alliance LLC

Add your commute
LISTING UPDATED: 01/14/2022 11:51 AM

Property Details for 148 East Spring Street

StatusClosed
MLS #PABK356086
Days on Market105
Taxes$5,496 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1945
Lot Size0.15 AC / 6,534 SF
CountyBerks County

Location

Listing Courtesy of Brumbach Associates-Boyertown

Sold By Vanguard Realty Alliance LLC

Add your commute

Building Information for 148 East Spring Street

Stories-Residences4Year Built1945Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$2,450 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,992

Property Taxes

$458

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 148 East Spring Street

Location
Location
  • School District Name: BOYERTOWN AREA
  • School District County ID: 300200397307
  • SchoolDistrictSource: Listing Agent
  • High School: BOYERTOWN AREA SENIOR (BERKS PA)
  • HighSchoolSource: Listing Agent
  • County: BERKS
  • MLS Area: Bechtelsville Boro (10226)
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: 2019
  • Tax Assessed Value: $134,100
  • Year Assessed: 2020
  • County Tax: $1,027
  • Improvement Assessed Value: $87,800
  • City Town Tax: $805
  • Land Assessed Value: $46,300
  • Clean Green Assessed: No
  • Municipal Trash: No
  • Land Use Code: 101
  • Zoning: R-2 RESIDENTIAL
  • Tax Lot: 0927
  • School Tax: $3,665
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Taxes - Real Estate, Insurance, Sewer, Trash Collection, Electricity, Repairs
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 1
Financial Information
Expenses
  • Operating Expense: $10,751
  • Operating Expense Includes: Insurance, Trash
  • Insurance Expense: $1,400
  • Trash Expense: $372
  • Maintenance Expense: $600
  • Other Expense: $2,500
Financial Information
  • Gross Income: $41,400
  • Annual Rental Income: $41,400
  • Income Includes: Apartment Rentals
Building Info
Building Info
  • Building Level Count: 2
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Parcel ID: 1476423
Parking
Parking
  • Type Of Parking: Alley, Off Street, On Street
  • Total Non-Garage Parking Spaces: 3
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Appliances: Oven/Range - Electric
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Well, Well Permit on File
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 148 East Spring 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 148 East Spring Street

Taxable ValueLand$46,300Additions$87,800Total$134,100
Tax Record2023$5,884 ($490 / month)
Home Facts
Beds3Baths5Total Finished SqFt1,481 SqFtAbove Grade Finished SqFt1,481 SqFtStories1Lot Size6,534 SqFtStyleSingle Family ResidenceYear Built1945CountyBERKSAPN5398-09-15-0927

Schools near 148 East Spring Street

This home is within Boyertown Area School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - PK to 12
Public - PK to 5
Rating
School
Distance
Washington El School
PublicPK to 5

Boyertown Area Jhs-West
Public6 to 8

Boyertown Area Senior High School
PublicPK to 12

Colebrookdale El School
PublicPK to 5

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.

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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.

Listing Courtesy of Brumbach Associates-Boyertown

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.