$437,500 1050 Pike Springs Road Kimberton, PA

MLS: 1001799714   Type: Commercial   County: Chester   City: Kimberton   Area: East Pikeland Twp   Neighborhood: None Available   Zip: 19460   Style: Apartment Building     Taxes: $7,452

Mortgage $2,054 /mo



Half Baths

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Flexible and unique commercial property on five acre parcel with over 600 feet of frontage on heavily traveled section of Route 113 (12,000 car average daily volume) situated just minutes from village of Kimberton and Phoenixville borough. Property includes historic stone farmhouse with three occupied apartment units, 22x15 office space with dedicated entrance and 30 x 40 board and batten barn with electric. Apartment 1 is a studio apartment with full bath, kitchen and dedicated porch entrance and generates monthly income of $550 - heat and electric included. Apartment 2, also with dedicated entrance, is located in 1960's extension and includes deck into mudroom entrance, two bedrooms, living room, kitchen and dining area and bath and generates $900 per month including heat - tenant pays separately metered electric. Access apartment 3 at the rear of the building via a large deck and garden area. This two floor unit includes mudroom, two bedrooms, bath, living room and eat in kitchen and generates $1150 per month including heat (second floor area not heated) - tenant pays electric. Separate shared lower level laundry / storage space with dedicated entrance available to all tenants. Total current monthly income from apartment units is $2600. Office and barn could generate additional combined monthly income of $1500 (included in Gross Annual Income), or rent them separately. AP zoning accommodates commercial horse stables, multi family use, veterinary hospital and a number of other potential uses. Subdivision possibilities may exist - please contact East Pikeland Township directly with any and all zoning questions.

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Price History

6/7/2018 Listed $485,000
1/30/2019 3% - $475,000
4/17/2019 8% - $437,500

Acceptable Financing Conventional
Accessibility None
Business Type Apartment Building
Cool Fuel None
Exclusions Air Conditioning Window Units, Window Hardware
MLS Area East Pikeland Twp (10326)
New Construction N
Ownership Fee Simple
Possession Immediate
Property SubType Other
Property Type Commercial Sale
Tax Year 2018
Vacation Rental Y/N N
Zoning R1/AP

Interior Features

Central Air Y/N N
Cooling None
Flooring Tile/Brick, Wood, Vinyl
Heating Baseboard - Hot Water
Heating Fuel Oil
Heating Y/N Y
Hot Water Oil

Exterior Features

Building Area Total 0.00
Construction Materials Stone, Stucco, Copper Plumbing
Exterior Amenities Highway Exposure
Foundation Details Stone
Inclusions Refrigerators. Washer, Dryer
Lot Dimensions 670X519X514X268
Lot Size Acres 5.00
Lot Size Source Assessor
Lot Size Square Feet 217800.00
Navigable Water Y/N N
Number of Buildings 2
Roof Pitched, Shingle
Sewer On Site Septic
Type of Parking None
Water Access Y/N N
Water Oriented Y/N N
Water Source Well
Water View Y/N N
Waterfront Y/N N

Property Schools

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Gallery (23 photos)

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Property vs Zip Code Avg (19460)

Price 437K Avg 249K

Sqr Feet 3,210 Avg 3,194

Cost / Sqr Ft $136 Avg $78

Taxes $7,452 Avg $3,226

Acres 5 Avg 3.17

Visits 14 Avg 13

Walkscore® 13 Avg 55

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Styer Real Estate

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Location & Address

Meyer & Meyer Realty
2706 Kirkwood Highway
Wilmington, DE