Welcome to 122 Penn Avenue in HATFIELD

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$979,900 | N/A beds | N/A full baths | N/A half baths | 5,234 sqft

$979,900 No Recent Price Change
122 Penn Avenue
Montgomery , PA 19440
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • 5,234SqFt
  • 1937Year Built
  • 0.39Acres
  • MLS# PAMC2010126
  • Rental
  • Other
  • ACTIVE

  • Approx Time on Market1 month, 3 days
  • AreaHatfield Boro (10609)
  • CountyN/A
  • SubdivisionN/A

Overview

This Hatfield Borough 4 unit offers a lucrative investment opportunity generating over $71,750 per year. This property includes (1) Four Bedroom Cape Cod Home, (2) Three bedroom units, and (1) Five bedroom unit. The Cape Cod style home that faces Penn Ave was the original home, while the 3 units were added in 2008/2009. All units are currently rented. The property includes a large 9 car paved parking area for tenants as well as on street parking. Each unit has it's own designated storage area, and a pay for laundry access in the basement. All units are in good to excellent condition and many tenants have been long term. Unit A is a 4 bedroom Cape Cod is rented by 4 individuals all with separate leases totaling $2350 per month. (owner pays these additional utilities on this unit only. Average monthly bills - Electric is $150 - Oil is $140). Unit B is a first floor 3 Bed/ 1.5 Bath unit and rents for $1125/month. (all electric and paid by tenant). Unit C is a first floor 3 Bed / 1 Bath unit and rents for $995/month. (all electric and paid by tenant). Unit D is a 2nd floor 5 Bedroom / 2 Full Bath unit and rents for $1495/month. (all electric and paid by tenant). The following items are avg. monthly costs paid by the owner and cover the total 4 units. Water $82 - Sewer $134 - Trash $82 - Insurance $263 - Taxes $580 - Maintenance/Repairs $480. Some of the current rents are below current market value. Schedule a showing today!


Agriculture / Farm

Association Fees / Info

Coa:  No

Hoa:  No

Association Recreation Fee:  N

Bathroom Info

Bedroom Info

Three Bedroom Units Count:  2

Building Info

Exclusions:  Tenants personal property

Building Level Count:  2

Construction Completed:  No

Year Built:  1,937

New Construction:  N

Construction Materials:  Brick,Frame,Vinyl Siding

Roof:  Shingle, Pitched

Historic:  N

Community Info

Exterior Features

View:  No

Pool:  No Pool

Lot Features:  Level

Fees / Restrictions

Financial

Sale Type:  Standard

Ownership Interest:  Fee Simple

Price Per Sqft:  187

Cap Rate:  5.00

Rent Control:  ,No,

Maintenance Expense:  5750.

Existing Lease Type:  Month to Month,Gross

Gross Income:  71760

Gross Scheduled Income:  71760

Ground Rent Exists:  N

Land Lease:  No

Owner Pays:  Advertising/Licenses and Permits, Lawn/Shrub Care, Taxes - Real Estate, Snow Removal, Sewer, Water, Repairs, Insurance, Trash Collection

Acceptable Financing:  Cash,Conventional

Inclusions:  Washers and Dryers, Refrigerators in all Units.

Garage / Parking

Garage:  N

Total Parking:  9

Parking Lot Spaces:  9

Parking Features:  Paved Parking

Type of Parking:  Off Street, Parking Lot

Interior Features

Fireplace:  N

Basement:  Unfinished, Walkout Stairs, Side Entrance, Interior Access

Architectural Style:  Cape Cod

Basement:  Y

Lot Info

Lot Size Dimensions:  100.00 x 0.00

Lot Size Units:  Square Feet

Acres:  0.39

Marina Info

Dockslip Conveys:  ,No,

Misc

Accessibility Features:  2+ Access Exits

Municipal Trash:  N

Spa:  N

Vacation Rental:  N

Other

Other Structures:  Above Grade,Below Grade

Other School Info

Sch District Key:  300200397039

Property Info

Property Type:  Multi-Family

Road Surface Type:  Black Top

Sub Type:  Quadruplex

Property Condition:  Very Good

Property Attached:  No

City Limits:  No

Municipality:  HATFIELD BORO

Sign On Property:  ,No,

Road Responsibility:  Boro/Township

Sqft Info

Living Area Sqft:  5,234

Total Below Grade Sqft Source:  Assessor

Total Sqft:  5,234

Lot Sqft:  16,906

Tax Info

Tax Annual Amount:  7116.0

Tax Assessed Value:  21047

Tax Year:  2021

Tax Total Finished Sqft:  5,234

Tax Lot:  107

Total Taxes Pymnt Freq:  Annually

Citytown Tax Pymnt Freq:  Annually

County Tax:  764.0

County Tax Pymnt Freq:  Annually

Citytown Tax:  474.0

Automatically Update Tax Values:  Y

Unit Info

Other Units:  Unit 1,Unit 2,Unit 4,Unit 3

Building Units Total:  4

Utilities / Hvac

Water Source:  Public

Heating:  Y

Sewer Septic:  Public Sewer

Heating:  Baseboard - Electric, Baseboard - Hot Water

Heating Fuel:  Oil,Electric

Cooling Fuel:  None

Cooling:  Window Unit(s)

Central Air:  N

Internet Services:  Cable, Fiber Optic

Hot Water:  Electric

Cooling:  No

Electric Service:  200+ Amp Service

Waterfront / Water

Water Oriented:  N

Water Access:  N

Waterfront:  N

Water View:  N

Tidal Water:  N

Navigable Water:  N

Directions

Union Street to Penn Ave, property on left.

Courtesy of Re/max Reliance 

Featured Lender

image

Todd Hennessy

GMH Mortgage Services

610-355-8142
thennessy@gmhmortgage.com
https://gmhmortgage.com

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On wagnerrealestate.com since Tue, Oct 26th 2021
No Property History recorded for this listing.

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