Here is your opportunity to own a 2 unit in the Wilson School district! This brick semi-detached has a great rental history. The current tenants have been in place since 2017 & 2018 and are currently month to month. The building has individual gas furnaces. Tenants pay heat & electric.
Multi-familyProperty Type
1910Year Built
3,484 sq ftLot Size
$163Est. Price/Sq.Ft.
2 spacesParking
Listed by Karl Becker• Coldwell Banker Realty
•610-373-9900 (broker)
Bought with Ivonn Reyes• Pagoda Realty ERA Powered
Wilson Schools large brick semi-detached fully occupied 2 unit in the Borough of Sinking Spring with tenant paid utilities. 2 newer separate gas furnaces. 2 electric water heaters. 200 AMP electric main with 2 - 100 AMP breaker panels. Central Air for unit 2 is not working. Basement is divided in 2 and accessible by both units. Off street parking for 2 plus cars. Covered front porch. Rear patio. Fire escape. Longterm tenants. Unit 1 - 1st floor has 4 rooms, 2 BRS, living room, kitchen, bath. electric cooking. Rented for 735 a month by a 4 year tenant on a M/M basis. Unit 2 - 2nd & 3rd floor has 5 rooms, 3 BRS, living room, kitchen, bath, electric cooking, rented for 750 a month by a 5 year tenant on a M/M basis. Annual income: $17,820. Total Expenses: $6250. NOI: $11,570. Cap Rate: 7%. Expenses breakdown: Taxes: $2595. Insurance: $537. W/ S: $2700. Trash: $318. Permits: $100. The property needs work but has a ton of potential. Rare 2 unit in Wilson Schools with commercial possibilities on the Ave. Close to major roads, schools, shopping and medical facilities. Being sold AS IS.
TREND #6852629
Oct 31, 2016
Sold
$87,500
$52/sq ft
Sep 19, 2016
Pending
—
Aug 31, 2016
Listed
$95,750
$57/sq ft
BRIGHT MLS #1003897991
Oct 31, 2016
Sold
$87,500
$52/sq ft
Aug 31, 2016
Listed
$95,750
$57/sq ft
+2
Great two unit on busy Penn Ave in Sinking Spring Boro. Property is zoned mixed use, check with boro on uses. Two unit to lease out, come take a look. Nice size back yard with two off street parking spaces. Close to public transportation. Low taxes. Nice investment property to add to your portfolio.
Public Records
Apr 6, 2000
Sold
$55,000
$33/sq ft
Public Records
Aug 2, 1994
Sold
$61,500
$37/sq ft
Year
Property tax
Land + Additions
Assessment*
2018
$2,431 (+1.5%)
$29,500 + $29,900
$59,400
2017
$2,394 (+3.5%)
$29,500 + $29,900
$59,400
2015
$2,313 (+3.3%)
$29,500 + $29,900
$59,400
2014
$2,239 (+0.9%)
$29,500 + $29,900
$59,400
2013
$2,219 (+5.9%)
$29,500 + $29,900
$59,400
2012
$2,096 (+4.0%)
$29,500 + $29,900
$59,400
2011
$2,015 (+22.5%)
$29,500 + $29,900
$59,400
2010
$1,644
$29,500 + $29,900
$59,400
Tax history for 3446 Penn
Year
Property tax
Land + Additions
Assessment*
2018
$2,431 (+1.5%)
$29,500 + $29,900
$59,400
2017
$2,394 (+3.5%)
$29,500 + $29,900
$59,400
2015
$2,313 (+3.3%)
$29,500 + $29,900
$59,400
2014
$2,239 (+0.9%)
$29,500 + $29,900
$59,400
2013
$2,219 (+5.9%)
$29,500 + $29,900
$59,400
2012
$2,096 (+4.0%)
$29,500 + $29,900
$59,400
2011
$2,015 (+22.5%)
$29,500 + $29,900
$59,400
2010
$1,644
$29,500 + $29,900
$59,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
3,485 Sq. Ft.
Year renovated
—
Sq. Ft.
2,262
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Berks County
APN
79438610467085
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 8, 2023.
C-1
Neighborhood Commercial District
It is the purpose of this district to provide an area for commercial facilities, which provide goods and services to the surrounding neighborhood. The commercial establishments, which are permitted, are limited to those which serve the daily needs of nearby residents.
Permitted uses
Include but are not limited to:
Religious facility
Gas station
Bank
Laundromat
General retail
Restaurant
Tavern / bar / nightclub / micro-Brewery
Office
Public service
Death related/funeral home
Property details
Parking
Parking Information
# of Total Garage and Parking Spaces: 2
Off Street - # of Spaces: 2
Crushed Stone
Alley, Off Street
Interior
Interior Information
Interior Features: 2nd Kitchen
Living Area Sq.Ft. Source: Estimated
Wall & Ceiling Types: Dry Wall
Basement Information
Basement: Yes
Full, Walkout Stairs
Multi Unit Information
# of One Bedroom Units: 1
# of Three Bedroom Units: 1
# of Month To Month Units: 2
Other Units: Unit 1,Unit 2
Vacancy Allowance Rate: 0.00
Gross Income: $23,400
Gross Scheduled Income: $23,400
Net Operating Income: $18,288
Income Includes: Apartment Rentals
Operating Expense Includes: Insurance, Trash
Other Expense: 1120.00
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $29,900
Insurance Expense: $1,020
Ownership Interest: Fee Simple
Property Condition: Good
Year Built Source: Estimated
Building Information
# of Units (Total): 2
Construction Materials: Brick
Foundation Details: Stone
Other Structures: Above Grade, Below Grade
Structure Type: Semi-Detached
Lot Information
Lot Size Dimensions: 0.00 x 0.00
Lot Dimensions Source: Assessor
Tidal Water: No
Land Information
Land Assessed Value: $29,500
Above Grade Information
Finished Sq.Ft.: 1,680
Finished Sq.Ft. Source: Estimated
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $522
County Tax: $455
School Tax: $1,702
Tax Assessed Value: $59,400
Tax Year: 2022
Tax Annual Amount: $2,672
Assessments Information
Year Assessed: 2023
Lease Information
Existing Lease Type: Month to Month
Rental Information
Rent Control: No
Total Actual Rent: $23,400
Utilities
Utilities Information
Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Central, Hot Water
Heating Fuel: Natural Gas
Hot Water: Electric
Sewer Septic: Public Sewer
Trash Expense: $300
Above Ground, Cable TV
Water Source: Public
Location
School Information
School District Name: WILSON
School District Source: Listing Agent
Location Information
Directions: From West Lawn, head west on 422 past Adelphia Seafood to property on left. Turn left at light on Queen St to park in the rear of the property.
Municipality: SINKING SPRING BORO
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,262
Stories: 1.0
Lot Size: 3,485 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1910
Year Renovated: —
County: Berks County
APN: 79438610467085
Home facts updated by county records on May 7, 2023
Around this home
Schools
Spring Ridge El School
Public K-5 • Assigned • 1.9mi
6/10
Wilson Southern Middle School
Public 6-8 • Assigned • 0.5mi
6/10
Wilson High School
Public 9-12 • Assigned • 0.7mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Sinking Spring, PA • 19608
Average low and high temperatures (°F)
32
20
37
24
56
36
64
45
70
53
80
63
85
68
79
60
77
58
66
46
53
37
38
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 4 hours in December, placing it below the
U.S. average for solar exposure.
9.2 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$261,000 – $316,000
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