Skip To Content
    Return to Previous Page

    558 E Vine Street

    POTTSTOWN, PA 19464
    • $374,800
    • STATUS: Active Under Contract
    • ON SITE: 51 days
    • ID#: PAMC662218
    Under Contract
    UPDATED: 68 min ago
    $374,800
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1920
    County:

    School Ratings & Info

    School District:

    Description

    Great Opportunity for the first time investor or to add to your portfolio. This listing price is for two properties: One is a 5 Unit Apartment Building with Storage Space Parcel# 64004912001 and the other is a similar sized adjacent lot Parcel# 640004915007. Both must be purchased together. Seller currently allows tenants of the 5 unit building to use the adjacent treed lot for their enjoyment and for off-street parking. The lot, which is separately deeded could be used to build an additional structure as it is zoned residential. Great opportunity for a builder/developer to take advantage of rental income form the 5 unit building as well as the storage and "shop" area in the building and make additional income by building on the vacant lot. Never lacking for tenants, the property has been owned for a long time by current owner with some very long-term tenants. Low rents provide new owner with upside rent potential. There are 3 1-BR units and 2 2-BR units. There is a rental garage; a large storage room rental; additional storage bins of which 4 are currently rented by existing tenants. There are 4 gas fired furnaces and 1 unit has electric baseboard heat. Tenants pay own heat and electric and hot water except for one gas fired water heater that is used to supply hot water to two units for which owner pays gas. Also included is a coin operated washer and dryer which provides additional income. Current Gross Income is $36,960/yr. Come and take a look today as seller is motivated.

    Monthly Payment Calculator



    ©2020 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 accurate by the MLS or Give Back Team of Coldwell Banker Elite. 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: 2020-10-23T16:53:33.123.
    www.givebackteam.com/homes/109581657
    Print Image

    558 E Vine Street POTTSTOWN, PA 19464

    • Price: $374,800
    • Status: Active Under Contract
    • Updated: 68 min ago
    • ID#: PAMC662218
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1920
    Built
    Neighborhood:
    West Pottsgrove Twp (10664)
    County:
    Montgomery
    Area:
    West Pottsgrove Twp (10664)
    School District:
    Pottsgrove
    Property Description
    Great Opportunity for the first time investor or to add to your portfolio. This listing price is for two properties: One is a 5 Unit Apartment Building with Storage Space Parcel# 64004912001 and the other is a similar sized adjacent lot Parcel# 640004915007. Both must be purchased together. Seller currently allows tenants of the 5 unit building to use the adjacent treed lot for their enjoyment and for off-street parking. The lot, which is separately deeded could be used to build an additional structure as it is zoned residential. Great opportunity for a builder/developer to take advantage of rental income form the 5 unit building as well as the storage and "shop" area in the building and make additional income by building on the vacant lot. Never lacking for tenants, the property has been owned for a long time by current owner with some very long-term tenants. Low rents provide new owner with upside rent potential. There are 3 1-BR units and 2 2-BR units. There is a rental garage; a large storage room rental; additional storage bins of which 4 are currently rented by existing tenants. There are 4 gas fired furnaces and 1 unit has electric baseboard heat. Tenants pay own heat and electric and hot water except for one gas fired water heater that is used to supply hot water to two units for which owner pays gas. Also included is a coin operated washer and dryer which provides additional income. Current Gross Income is $36,960/yr. Come and take a look today as seller is motivated.
    Exterior Features

    Construction Materials BrickBlockVinyl SidingOther Garage YN No Parking Types On StreetOther Riparian Rights YN No Roof Asbestos ShingleBuilt-UpOther Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 0.00 Cooling None Exclusions Tenant's Personal Possessions. Heating Baseboard - ElectricForced Air Heating YN Yes Inclusions Appliances Owned By Seller - As-Is And With No Monetary Value. Net Square Feet 1.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Elevators 0 Entry Level 1 Foundation Details BlockOther Heating Fuel ElectricNatural Gas Hot Water ElectricNatural Gas Incorporated City Name West Pottsgrove Twp Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 5 Original MLSNumber 304273812242 Ownership Interest Fee Simple Possession ImmediateNegotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 6242.00 Tax Assessment Amount 138870.00 Tax Lot 019 Vacation Rental YN No Water Source Public Zoning R3 Zoning Description 4100 Mix; RetailOfcApts - Multi-Use.

    Listing courtesy of Atrust Realty.


    ©2020 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 accurate by the MLS or Give Back Team of Coldwell Banker Elite. 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: 2020-10-23T16:53:33.123.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304273812242-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304273812242-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304273812242-2.jpg
    Logo
    Give Back Team of Coldwell Banker Elite
    100 Parkway Blvd
    Stafford VA, 22554