Perkasie, PA 18944,538 W MARKET ST
Perkasie, PA 18944,538 W MARKET ST
Perkasie, PA 18944,538 W MARKET ST
Perkasie, PA 18944,538 W MARKET ST
Perkasie, PA 18944,538 W MARKET ST
Perkasie, PA 18944,538 W MARKET ST
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$450,000

$458,000

1.7%
Est.Price: ?

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Est. payment /mo

3,148 SqFt


SOLD DATE : 02/28/2023

Key Details

Sold Price $450,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,148 sqft

Price per Sqft $142

MLS Listing ID PABU2041706

Sold Date 02/28/23

Style Other

Abv Grd Liv Area 3,148

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $6,398

Tax Year 2022

Lot Size 0.264 Acres

Acres 0.26

Lot Dimensions 65.00 x 177.00

Property Description

Money maker in the heart of Perkasie Borough! 2 residential apartments, 1 commercial unit and 2 rented garages. The first floor offers a 1 bedroom, 1 full bathroom apartment that is currently rented to a long-term tenant for $875 per month. The first floor also offers a separate commercial space with 2 offices, bathroom and Board Room which was recently rented for $1000 per month. The second floor apartment has 3 bedrooms and 1 full bathroom. It includes a porch area as well as an attic that could easily be finished for additional living space to make it a 5/6 bedroom apartment! This unit is vacant but the rental estimate is $1400 as a 3 bedroom. There is also a detached garage with 2 separate bays, each rented for $150 per month. The property is listed at a 7% cap rate based on the income- 1st floor apartment $875 + office (estimate $1000) + 2nd fl apartment (estimate $1400) + $300 for garages for a total yearly income of $42,900. Expenses are taxes $6398 + Insurance (estimate $2000) + W/S/T $1200 + Gas/ electric $1200 for a total of $10798 annually. Net income is $32102. The property is zoned C2 with a TC (Town Center) overlay. There is potential to build a second mixed use structure on the property- confirm specific details with Perkasie Borough. Come take a look, you won't be disappointed!

Location

State PA

County Bucks

Area Perkasie Boro (10133)

Zoning CZ

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Garage - Front Entry

Garage Spaces 5.0

Waterfront N

Water Access N

Accessibility None

Parking Type Detached Garage, Driveway, On Street

Total Parking Spaces 5

Garage Y

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Pennridge

Others

Tax ID 33-005-277

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Christine M Jasinski • RE/MAX Reliance
Bought with Todd R Hurley • EXP Realty, LLC
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3 Lemoyne Drive, Suite 100, Lemoyne, PA, 17043

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