Berks County Homes for Sale, Hamburg Real Estate Listings, 69 South 3rd Street, MLS #6824960 Luxury Homes, Condos, Estates for Sale

69 South 3rd Street

Hamburg, PA 19526

GREAT INVESTMENT OPPORTUNITY! Turn key 6-7 unit mixed use property with a bonus 7-8 car garage. Gross rental income $49,000 with potential of up to $58,000. Low maintenance money maker! VERY CONSISTENT INCOME! Owner pays gas heat, water/sewer, and trash. Tenants pay their own hot water and electric. Property consists of two separate buildings on one parcel. Front building has a successful commercial hair salon on the first floor with full bath(tenant for 20 years), life lease tenant on second floor, and a 1 bedroom apt on the third floor. Rear building consists of two 2 bedroom units and one 1 bedroom unit as well as multiple storage areas and a 7-8 car garage(currently empty). Several improvements were made in the last year including a new front sidewalk, gas boiler conversion/chimney liner, new fencing, and misc new roofing, just to name a few. Building is priced with a 9.7% cap rate as is, but has an upswing potential of another 9500+ per year.
Status
ACTIVE
Property Class
Multi-Family
Type of Property
SingleBldg
Design
AptBldg
Garage Spaces
3
Parking
Street
Basement
Full
Subdivision
None Available
High School
HAMBURG
Area
Hamburg Borough
City
Hamburg
County
Berks County
Building Floors: 3.00
Hot Water: Electric
Land SqFt: 10,890
Laundry Type: No Laundry
Area: Hamburg Borough
Lot Area Acreage: 0.250000
Lot Dimensions: IRREG
One Bedroom Units: 2
Ownership: Fee Simple
Property Age: 96
Type: SingleBldg
Total Units: 6
Two Bedroom Units: 3
Zoning Code: MIXED
Heat: Oil
Cooling: Wall Unit
Water: Public
Sewer: Public Sewer
Basement Type: Full
Exterior: Brick
Tax Year
2016
Total Taxes
$7,836

Area Highlights

User reviews and recommendations of top nearby restaurants.

3rd Street Cafe

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Distance: 0.05 Miles

Rating 6 reviews
Adams & Bright Drugs

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Distance: 0.08 Miles

Rating 7 reviews
Hop Poh Chinese Restaurant

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Distance: 0.09 Miles

Rating 4 reviews
Hecky's Sub Shop

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Distance: 0.11 Miles

Rating 27 reviews
Russo's Pizza Family Restaurant

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Distance: 0.13 Miles

Rating 22 reviews
A La Mode Ice Cream & Dessert

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Distance: 0.15 Miles

Rating 5 reviews
Hamburg Diner

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Distance: 0.15 Miles

Rating 8 reviews
Indian Fort Inn

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Distance: 0.16 Miles

Rating 12 reviews
Pizza Como U S A

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Distance: 0.22 Miles

Rating 8 reviews
Backwood Brothers Authentic Texas Cuisine

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Distance: 0.26 Miles

Rating 23 reviews

School Information

Great Schools

Understand the educational environment and opportunities around this area before moving in.


Sonshine Childrens Center

Type: Private

Level: N/a


Hamburg Area Middle School

Type: Public

Level: 6-8


Hamburg Area High School

Type: Public

Level: 9-12


Tilden El Center

Type: Public

Level: K-5


Blue Mountain Academy

Type: Private

Level: 9-12


Blue Mountain SDA Elementary School

Type: Private

Level: PK-8


Perry El School

Type: Public

Level: K-5

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Listing courtesy of Coldwell Banker Residential Brokerage-Wyomissing.

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Data last updated: 12/10/2016.

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