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179 N Main Street

SOUDERTON, PA 18964
  • $599,000
  • STATUS: Active Under Contract
  • ON SITE: 70 Days
  • ID#: PAMC2034256
Under Contract
$599,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Opportunity has come knocking to own an established multi-unit property in the heart of Souderton Borough. Located in a bustling and revitalizing commercial district, this property is in the center of a community undergoing incredible recent developments, with much more on the horizon. Here is your rare opportunity to be a part of it all! This historic building is home to 3 residential apartments on the second level, fully occupied with reliable tenants. On the main level is a large commercial food/retail unit leased to one of Souderton+-s many prospering businesses. The main commercial space has been fully restored, and offers private access to a full basement featuring a french drain system and ample storage. A bonus 5th unit on the main level is unfinished and has the potential for additional commercial revenue. The current owner has completed many upgrades in the past year including a complete electrical rewire, upgrades to plumbing, new HVAC systems, complete renovations to individual units, and overall cosmetic improvements. Most apartments have been fully renovated, including new flooring, granite countertops, and in-unit washer & dryers. The middle apartment is the largest, with access to a full attic with lots of storage. The property features off-street parking for each residential tenant, as well as ample street parking and close access to a municipal parking lot. This unique and historic building has been an economic powerhouse in Souderton for more than a century and is waiting for its next chapter!

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-11T00:04:19.387.
www.paulacashion.com/homes/129348748
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179 N Main Street SOUDERTON, PA 18964

  • Price: $599,000
  • Status: Active Under Contract
  • On Site: 70 Days
  • ID#: PAMC2034256
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1900
Built
Neighborhood:
Souderton Boro (10621)
County:
Montgomery
Area:
Souderton Boro (10621)
Elementary School:
West Broad Street
Middle School:
Indian Crest
High School:
Souderton Area Senior
School District:
Souderton Area
Property Description
Opportunity has come knocking to own an established multi-unit property in the heart of Souderton Borough. Located in a bustling and revitalizing commercial district, this property is in the center of a community undergoing incredible recent developments, with much more on the horizon. Here is your rare opportunity to be a part of it all! This historic building is home to 3 residential apartments on the second level, fully occupied with reliable tenants. On the main level is a large commercial food/retail unit leased to one of Souderton+-s many prospering businesses. The main commercial space has been fully restored, and offers private access to a full basement featuring a french drain system and ample storage. A bonus 5th unit on the main level is unfinished and has the potential for additional commercial revenue. The current owner has completed many upgrades in the past year including a complete electrical rewire, upgrades to plumbing, new HVAC systems, complete renovations to individual units, and overall cosmetic improvements. Most apartments have been fully renovated, including new flooring, granite countertops, and in-unit washer & dryers. The middle apartment is the largest, with access to a full attic with lots of storage. The property features off-street parking for each residential tenant, as well as ample street parking and close access to a municipal parking lot. This unique and historic building has been an economic powerhouse in Souderton for more than a century and is waiting for its next chapter!
Exterior Features

Construction Materials Brick Garage YN No Location Type Corner Lot/Unit Lot Features Corner Parking Features PrivatePublic Parking Types On StreetParking Lot Riparian Rights YN No Road Responsibility Boro/TownshipState Road Surface Type Black TopPaved Roof Shingle View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4798.00 Cooling None Exclusions Tenants Personal Property Heating Forced AirHot Water Heating YN Yes Net Square Feet 4798.00

Property Features

Acceptable Financing CashConventional Accessibility Features Ramp - Main Level Annual Gross Expense 14148.00 Assessment Year 2022 Business Type Apartment BuildingRestaurant/Bar Central Air YN No Cooling Fuel None Cross Street Central Ave. Gross Income 63000.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Municipality Souderton Boro Navigable Water YN N Net Operating Income 48852.00 New Construction YN No Number Of Units Total 5 Operating Expense 14148.00 Operating Expense Includes InsuranceLandscapingRepair/MaintenanceSewerTrashWater Original MLSNumber 801471403678 Owner Pays InsuranceLawn/Shrub CareMiscellaneousCommon Area MaintenanceWaterSewerSewer MaintenanceTrash CollectionTaxes - Real Estate Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 7066.00 Tax Assessment Amount 171120.00 Tax Lot 17 Total Actual Rent 63000.00 Utilities Natural Gas AvailableElectric AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Year Built Effective 2021 Zoning C1 Zoning Description C1Multi/Mixed Use

Listing courtesy of Re/Max Reliance.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-11T00:04:19.387.
 
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