Spring City Borough 4 unit updated investment property ready for new owner. An opportunity for a multi-unit in this kind of shape and location doesn't come along often. Property has been updated in 2016/2017. The front building has 3 units consisting of two 1 bedroom apartments on 1st floor and a 2 bedroom apartment on 2nd/3rd floor. The back building is a 3 bedroom apartment. Tenants pay for Heat, Hot Water and Electric, Owner pays Water, Sewer, Trash and Maintenance. Total annual income is $43,800, Taxes is only $3,743. Perfect opportunity to live for free and collect the rent as an owner occupant. Rent covers all expenses. .. .. Call today!
Multi-familyProperty Type
1928Year Built
3,152 sq ftLot Size
$142Est. Price/Sq.Ft.
2 spacesParking
Listed by John Chernesky• RE/MAX Synergy
•610-385-0090 (broker)
•mclaughlinregina@aol.com (broker)
Bought with Crista De Grazio• BHHS Fox & Roach-Collegeville
*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
7
Baths
4
Stories
3
Lot width
—
Lot depth
—
Lot size
3,152
Year renovated
2020
Sq. Ft.
3,705
Year built
1928
Style
Multi-Family (2-4 Unit)
County
Chester County
APN
1404 04260000
Parking Spaces
2
Basement
Yes
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Mar 2, 2020.
R-2
Medium Density Residential District
The R-2 Medium Density Residential District has been established to accommodate residential uses at a density which provides a transition between R-1 Neighborhoods and the higher density residential and commercial areas in the Borough. Future residential uses in the developed portions of the R-2 District should be compatible with the existing neighborhoods. As recommended in the Spring City Borough Comprehensive Plan, future growth in the undeveloped area of the R-2 District should be designed as an extension of the existing neighborhood street pattern.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Public service
Recreation
Property details
Parking
Parking Information
Street
On Street, Driveway
Interior
Interior Information
Entry Location: Private
Interior Features: CeilngFan(s)
Room Information
Master Bedroom
Laundry Type: Hookup
Basement Information
Basement: Yes
Full, Unfinished
Multi Unit Information
# of One Bedroom Units: 2
# of Two Bedroom Units: 1
# of Three Bedroom Units: 1
Other Units: Unit 1,Unit 2,Unit 4,Unit 3
Gross Income: $43,800
Annual Gross Expense: $10,101
Other Expense: 1776.00
Exterior
Property Information
Improvement Assessed Value: $79,330
Insurance Expense: $1,692
Ownership Interest: Fee Simple
Property Condition: Good
Year Built Source: Estimated
Building Information
Construction Materials: Brick
Other Structures: Above Grade
Roof: Pitched, Shingle
Window Features: Energy Efficient, Replacement
Exterior Information
Sidewalks, Street Lights
Lot Information
Lot Size Dimensions: 0X0
Tidal Water: No
Land Information
Land Assessed Value: $27,650
Above Grade Information
Finished Sq.Ft.: 2,605
Finished Sq.Ft. Source: Estimated
Financial
Tax Information
Tax Assessed Value: $106,980
Tax Year: 2018
Tax Annual Amount: $3,743
Utilities
Utilities Information
Oil, Electric, Forced Air, Radiator, Baseboard
Heating Fuel: Oil, Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Cable TV Available
Water Sewer Expense: $2,016
Water Source: Public
Location
Homeowners Association Information
Maintenance Expense: $874
School Information
School District Name: SPRING-FORD AREA
Location Information
Cross Street: MAIN ST
Municipality: SPRING CITY BORO
Public facts
Beds: 7
Baths: 4.0
Sq. Ft.: 3,705
Stories: —
Parking Spaces: 2
Basement: Yes
Accessible: No
Lot Size: 3,152 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1928
Year Renovated: 2020
County: Chester County
APN: 1404 04260000
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Mar 2, 2020
Around this home
Schools
K - 12
Preschool & daycare
Spring City El School
Public K-4 • Assigned • 0.4mi
7/10
Spring-Ford Middle School 8th Grade Center
Public 8 • Assigned • 1.1mi
7/10
Spring-Ford Senior High School 10-12 Grade Center
Public 9-12 • Assigned • 1.5mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
5/10 Wind Factor
23% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Spring City, PA • 19475
Average low and high temperatures (°F)
35
20
40
25
58
36
67
44
73
53
84
63
88
68
82
61
79
59
66
46
56
38
41
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.1 hours in December, placing it below the
U.S. average for solar exposure.