805 State Street

    HAMBURG, PA 19526
    • $850,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: PABK347460
    UPDATED: 52 min ago
    $850,000
    • 0
      BEDS
    • 1.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1933
    County:

    School Ratings & Info

    School District:

    Description

    Investment Opportunity! Cap Rate 8%. Main building was completely rebuilt in 2002 (plans available) and provides two first floor commercial lease spaces and two second floor apartments, 2 bedrooms each. The first floor spaces are currently occupied by a hair and nail salon and the other by a tanning salon. Ample parking with 39 spaces plus 2 special needs spaces for the commercial tenants. Fire-rated walls, emergency lighting, quality construction. The second building contains five 1-bedroom apartments, all occupied. Great return on investment!

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-09-17T18:54:33.783.
    www.schuylkillrealestate.com/homes/98681579

    805 State Street HAMBURG, PA 19526

    • Price: $850,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: PABK347460
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.43
    Acres
    1933
    Built
    Neighborhood:
    None Available
    County:
    Berks
    Area:
    Hamburg Boro (10246)
    School District:
    Hamburg Area
    Property Description
    Investment Opportunity! Cap Rate 8%. Main building was completely rebuilt in 2002 (plans available) and provides two first floor commercial lease spaces and two second floor apartments, 2 bedrooms each. The first floor spaces are currently occupied by a hair and nail salon and the other by a tanning salon. Ample parking with 39 spaces plus 2 special needs spaces for the commercial tenants. Fire-rated walls, emergency lighting, quality construction. The second building contains five 1-bedroom apartments, all occupied. Great return on investment!
    Exterior Features

    Construction Materials Aluminum SidingStuccoMixed Plumbing Direction Faces Southeast Garage YN No Location Type Urban Parking Features Paved ParkingHandicap Parking Parking Types Parking Lot Riparian Rights YN No Roof PitchedShingle Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 10000.00 Building Features Private RestroomsCeiling FansFire AlarmFire-Resistance RatingSecurity LightingShowers Cooling Central A/CWall Unit Exclusions 7 Tanning Beds1 Tanning Booth2 SaunasSound Equipment In Suite B Fireplace YN No Flooring Tile/BrickCarpetVinyl Heating Hot Water Heating YN Yes Inclusions (3) Range/Refrig Units(2) Ranges Net Square Feet 10000.00 Room List Master Bedroom Walls Ceilings Other

    Property Features

    Acceptable Financing Conventional Accessibility Features Level Entry - Main Annual Gross Expense 21546.00 Association YN No Building Name Fiore's Plaza Business Type Apartment BuildingMedical Central Air YN Yes Condo YN No Cooling Fuel Electric Cross Street Franklin St Electric 100 Amp Service200+ Amp ServiceCircuit Breakers Foundation Details Concrete Perimeter Gross Income 92700.00 Heating Fuel Natural Gas Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Leased 9 Original MLSNumber 302019507023 Ownership Interest Fee Simple Possession 61-90 Days Cd Property Sub Type Five Or More Units Purchase Optional YN Yes Rent Includes WaterSewerCommon Area MaintenanceLawn ServiceSnow RemovalTrash RemovalTaxes Sale Type Standard Sewer Public Sewer Tax Annual Amount 13314.0 Tax Assessment Amount 312400.0 Tenant Pays ElectricityHeatGasWaterSewerHot WaterCooking Fuel Utilities Water AvailableSewer AvailableNatural Gas AvailableElectric AvailablePhoneCable Tv AvailableUnder Ground Vacation Rental YN No Water Source Public Year Built Effective 2002 Zoning Vc

    Listing courtesy of Re/Max Of Reading.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-09-17T18:54:33.783.
     
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