1110 Landis Road

    EAST GREENVILLE, PA 18041
    • $629,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: PAMC622152
    UPDATED: 45 min ago
    $629,000
    • 0
      BEDS
    • 12.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,702
      SQFT
    • $170
      $/SQFT
    Type:
    Multi-Family
    Built:
    1860
    County:

    School Ratings & Info

    School District:

    Description

    This property is literally, a Cash Cow. The income is about $5,000 per month (and can be as high as almost double that, if it would be totally rented), which makes the property worth about $1,000,000. But the Comps in the neighborhood area do not allow that price tag. Property consists of 114-year old stucco over stone farm house designed to accommodate two families side by side. Currently, both are rental units. A huge bank barn with 11 storage spaces for additional income. A mobile home with full basement currently rented, a large block garage with 3 separate units, cottage, large frame garage, separate frame outbuilding, corn crib, summer kitchen. Lots of potential for rental income from various outbuildings. Currently the rental income is approximately 5000/month. The piece de resistance is the fabulous setting overlooking the backwaters of the Green Lane Reservoir. A large portion of the frontage abuts the Philadelphia Suburban Water Company lands. The property is zone R-1 but is currently a non-conforming property. Subdivision potential. Historic property in beautiful Upper Perkiomen Township. Let the two rental units pay the majority of the mortgage, and enjoy a high-end country lifestyle. This property boasts a mobile home with views of the water, a corn crib, a barn, and farm house. Are you looking for a unique property that has income potential? This farmette property has plenty of room to raise animal, pasture horses, etc.! Modular home with a waterfront view, corn crib, barn, and farm house. Expansive Upper Perkiomen views, great schools districts and year round country living make this property a must see.

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    ©2019 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. 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: 2019-11-17T10:51:45.76.
    www.seeinsidethehouse.com/homes/98118500

    1110 Landis Road EAST GREENVILLE, PA 18041

    • Price: $629,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: PAMC622152
    0
    Beds
    0
    Baths
    0
    ½ Baths
    12.47
    Acres
    3,702
    SQFT
    $170
    $/SQFT
    1860
    Built
    Neighborhood:
    Upper Hanover Twp (10657)
    County:
    Montgomery
    Area:
    Upper Hanover Twp (10657)
    School District:
    Upper Perkiomen
    Property Description
    This property is literally, a Cash Cow. The income is about $5,000 per month (and can be as high as almost double that, if it would be totally rented), which makes the property worth about $1,000,000. But the Comps in the neighborhood area do not allow that price tag. Property consists of 114-year old stucco over stone farm house designed to accommodate two families side by side. Currently, both are rental units. A huge bank barn with 11 storage spaces for additional income. A mobile home with full basement currently rented, a large block garage with 3 separate units, cottage, large frame garage, separate frame outbuilding, corn crib, summer kitchen. Lots of potential for rental income from various outbuildings. Currently the rental income is approximately 5000/month. The piece de resistance is the fabulous setting overlooking the backwaters of the Green Lane Reservoir. A large portion of the frontage abuts the Philadelphia Suburban Water Company lands. The property is zone R-1 but is currently a non-conforming property. Subdivision potential. Historic property in beautiful Upper Perkiomen Township. Let the two rental units pay the majority of the mortgage, and enjoy a high-end country lifestyle. This property boasts a mobile home with views of the water, a corn crib, a barn, and farm house. Are you looking for a unique property that has income potential? This farmette property has plenty of room to raise animal, pasture horses, etc.! Modular home with a waterfront view, corn crib, barn, and farm house. Expansive Upper Perkiomen views, great schools districts and year round country living make this property a must see.
    Exterior Features

    Architectural Style Colonial Construction Materials StoneWood SidingCombination Garage Spaces 8.00 Garage Type Additional Storage AreaGarage - Front EntryGarage Door OpenerOther Garage YN Yes Location Type Suburban Lot Features Backs - ParklandSubdivision Possible Other Structures Above GradeBelow Grade Parking Features Asphalt DrivewayPaved DrivewayPaved ParkingUnpaved Parking Types DrivewayOff SiteDetached Garage Pool No Pool Property Condition Turn KeyRestoredNeeds Work Riparian Rights YN No Road Surface Type Paved Roof SlateAsphalt Soil Types Clay View Creek/Stream Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3702 Appliances DryerRefrigeratorOven - Self Cleaning Basement FullCombination Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 2 Flooring HardwoodVinylCarpet Heating Forced Air Heating YN Yes Interior Features AtticCarpetCeiling Fan(S)Curved StaircaseFloor Plan - TraditionalKitchen - CountryKitchen - Eat-InPantryWainscotting Rooms Total 9 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 3 Units Furnished None Walls Ceilings 9'+ CeilingsBeamed CeilingsDry WallPlaster Walls

    Property Features

    Acceptable Financing Conventional Accessibility Features 2+ Access Exits36"+ Wide Halls Association YN No Central Air YN Yes Cooling Fuel Electric Cross Street Layfield Rd And Church Rd Electric 120/240V Existing Lease Type Month To Month Foundation Details Stone Gross Income 38000.00 Heating Fuel Propane - Owned Hot Water Propane Incorporated City Name Upper Hanover Twp Insurance Expense 1200.00 Maintenance Expense 3300.00 Navigable Water YN N Net Operating Income 23000.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Operating Expense 6500.00 Operating Expense Includes InsuranceTrash Original MLSNumber 301974571417 Owner Pays Accounting/LegalElectricityInsuranceRepairsTaxes - Real Estate Ownership Interest Fee Simple Possession Negotiable Property Sub Type Other Rent Control YN No Sale Type Standard Sewer On Site Septic Structure Design Type Detached Tax Annual Amount 7758.0 Tax Assessment Amount 260000.0 Total Actual Rent 4800.00 Trash Expense 240.00 Utilities Cable Tv AvailableNatural Gas AvailableElectric Available Vacation Rental YN No Water Source Well Window Features Wood Frame Zoning R-1

    Listing courtesy of Cimorelli Real Estate Office.
    ©2019 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. 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: 2019-11-17T10:51:45.76.
     
    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809