3444 PENN AVE Pending Save Request In-Person Tour Request Virtual Tour
Sinking Spring,PA 19608
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Subdivision Sinking Spring
MLS Listing ID PABK2064998
Year Built 1910
Annual Tax Amount $3,248
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Wilson Schools mixed use semi-detached multi-unit building on a prime very busy Penn Ave location in Sinking Spring with a detached 2 story 2 car garage and parking lot for 8 cars with separate gas heat, hot water and electric for the 2 units in the building. The garage & common area electric are on the unit one's meter. Unit 1 consists of the commercial space and is being used as a beauty salon with a large open space, powder room, kitchenette with storage, basement access, access to the exterior rear deck, side yard and parking lot. This unit has new gas heat with central air, gas hot water, 100 AMP electric, basement storage. The salon unit is in excellent condition and is currently rented by a nearly 3 year tenant at $1,500.00 a month. Unit 2 is the residential apartment, 2nd & 3rd floors consisting of 5 rooms, 3 BRS, living room, kitchen & bath. This unit pays for its gas heat, hot water & electric and also has a new gas furnace and central air unit. This unit needs some minor TLC and updating due to being occupied by the same tenant for 25 years and it was just vacated. Projected market rent is $1,800.00. Unit 3 is the 2 story, 2 car detached garage with electric and heat that is currently owner occupied but market rent is $300 a month. There is paved parking for 8 cars and a side yard that could provide more parking or an outdoor recreational area. Projected income & expenses due to the garage being owner occupied and unit 2 just vacating. Projected income: 43,200K. Breakdown: Unit 1: $1,500.00. Unit 2: $1,800.00. Unit 3: Garage: $3000.00. Expenses: $8,043.00. Breakdown: Insurance: 2500. Water: 800. Sewer: 900. Electric: 0. Gas: 0. Trash: $495.00. Taxes: $3,248.00. NOI: $35,157. Projected Cap Rate: 11%. This is a fantastic investment opportunity for a business owner occupant or an investor.
Location
State PA
County Berks
Area Sinking Spring Boro (10279)
Zoning C1
Interior
Hot Water Electric
Heating Forced Air,Baseboard - Electric
Cooling Central A/C
Flooring Carpet,Vinyl,Ceramic Tile
Inclusions Range/Oven, Refrigerator, Salon equipment, Washer, Dryer
Heat Source Natural Gas,Electric
Exterior
Garage Spaces 8.0
Utilities Available Phone,Above Ground,Electric Available,Natural Gas Available,Water Available,Sewer Available
Water Access N
Roof Type Pitched,Rubber
Accessibility None
Road Frontage State
Total Parking Spaces 8
Garage N
Building
Lot Description Cleared,Front Yard,Level,Rear Yard,SideYard(s)
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wilson
Others
Tax ID 79-4386-10-46-8005
Ownership Fee Simple
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard