PA > Sinking Spring > Sinking Spring
Sinking Spring, PA 19608,3444 PENN AVE
Sinking Spring, PA 19608,3444 PENN AVE
Sinking Spring, PA 19608,3444 PENN AVE
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Giovanni Maggipinto

Giovanni Maggipinto

+1(908) 872-7635
Listed by Jose M Candelaria • RE/MAX Of Reading
$325,000
Est. payment /mo
5,662 Sqft Lot
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UPDATED:

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

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Giovanni Maggipinto

Giovanni Maggipinto

+1(908) 872-7635

Realtor Associate | License ID: 1644529

Realtor Associate License ID: 1644529

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