Stephen J. Barr
AU-002422-L
James S. Davis, Jr.
AU-002421-L

barrdavis@barrdavis.com

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P. 0. BOX 7, GAP, PA 17527 • (717) 442-9221 • fax (717) 442-3198

 PUBLIC AUCTION 

CHESTER CO. INVESTMENT PROPERTY

3 STOREFRONTS & 7 LARGE APARTMENTS

WITH GOOD INCOME

PARKESBURG BORO – OCTORARA SCHOOLS

nTHURSDAY, JULY 30, 2009 • 7:00 PMn

LOCATED: 217-223 Main Street, Parkesburg PA 19365. From Route 10 and Route 372 in Parkesburg, take Route 10 North to Main Street (1st left) turn left to property on right.

 

REAL ESTATE (to be offered at 7:00 PM)

Real Estate consists of a 14,800 SF +/- building with 3 storefronts, 7 apartments and recent upgrades. Fully leased estimated income $82,000 +/-, with potential net income of $63,000+. Tenants pay heat. Public water and sewer.

OPEN FOR INSPECTION: Saturday, July 18 from 2 - 4 PM

AUCTIONEERS NOTE: Seriously for sale and a good opportunity for investors. Don’t miss it.

PAYMENT TERMS: Real estate: 10% down payment day of auction, balance August 31, 2009. Buyer pays all Realty Transfer Taxes.

 

 

LOT DESCRIPTION:   

TAX PARCEL:

 

.55 Acre +/-

08-04-0017

DEED REFERENCE:

Part of 3605-1769

ZONING:

Residential

WATER:

Public

SEWER:

Public

 

   TAXES:

YEAR: 2008/09

 

 

$8,506

School:

Octorara Area

1,067

County: 

Chester

2,153

Municipal:

Parkesburg Boro

$11,726

TOTAL

 

FEATURES

 Large building with large units.

Great income potential and priced to sell.

Estimated Income

Monthly

Yearly

Commercial space/vacant

$500.00

$6,000.00

Commercial space/vacant

500.00

6,000.00

Commercial space/vacant

500.00

6,000.00

Unit 1

750.00

9,000.00

Unit 2

750.00

9,000.00

Unit 3

800.00

9,600.00

Unit 4

800.00

9,600.00

Unit 5

800.00

9,600.00

Unit 6

700.00

8,400.00

Unit 7

800.00

9,600.00

Total

$6,900.00

$82,800

 

 

Estimated Annual Expenses

 

Insurance

$2,800.00

Taxes

11,725.00

Electric

450.00

Sewer/Trash

1,620.00

Public Water

2,400.00

Total

$18,995

 

 

Estimated Net Income:  $63,805

Great investment opportunity with upgrades.

This property is seriously for sale and deserves your attention.

 

 

The information contained in this brochure is believed to be accurate, but is not guarantee

 

 

 

 

 

AUCTION CONDUCTED BY:

Barr Davis Auctioneers, LLC

Gap, PA  17527  (717) 442-9221            

Stephen J. Barr - AU-002422-L

James S. Davis Jr. - AU-002421-L    

         

AUCTION CONDUCTED FOR:

 

Jeffrey S. and Diane S. Hery

Kling and Fanning, Attorneys

Announcements Day of Auction Take Precedence Over Previous Advertising