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Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Hatboro Lofts
MLS Listing ID 1003144961
Sold Date 06/14/17
Style Other
HOA Y/N N
Originating Board TREND
Year Built 1900
Annual Tax Amount $10,100
Tax Year 2017
Lot Size 0.301 Acres
Acres 0.3
Lot Dimensions 75
Property Description
Investor Alert. Prime real estate comprising .3 ac with optimal zoning (RC2) designation, a unique multi building complex with plenty of parking and garage space in the heart of Hatboro. Walk to Septa Bus Regional Rail service. Investment is comprised of a duplex with 75 feet street frontage on Byberry Road, and a 3 car garage with an apartment on the second level at the rear of the property. Rental units are fully occupied and permitted with the Borough of Hatboro. "The Boro" has welcoming family history with the second oldest Library in the State of Pennsylvania and the Lukens clock (of Independence Hall fame) in the Boro Hall (a/k/a Loller Academy). More recently, Hatboro has a noted annual Moonlight Memories Car Show and a Thanksgiving weekend Holiday Parade. NOTE: the Cap rate could be as high as 10 with a separate charge for the rental of garage space. This would be ideally suited for a family with an eye on having their mortgage paid for with rental income or an owner who wants to have a home business. Come and explore these and many other possibilities with a personal visit.
Location
State PA
County Montgomery
Area Hatboro Boro (10608)
Zoning RC2
Rooms
Other Rooms Primary Bedroom
Basement Full
Interior
Hot Water Natural Gas
Heating Gas
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Laundry Washer In Unit, Dryer In Unit
Exterior
Garage Spaces 6.0
Waterfront N
Water Access N
Accessibility None
Parking Type Other
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
New Construction N
Schools
Elementary Schools Pennypack
Middle Schools Keith Valley
High Schools Hatboro-Horsham
School District Hatboro-Horsham
Others
Tax ID 08-00-00511-003
Ownership Fee Simple
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Bought with Robert F Felte Jr • Felte Real Estate