MLS® ID: PAMC622152

1110 LANDIS ROAD

EAST GREENVILLE, Pennsylvania, 18041

$629,000 Active
  • 3702 SQFT
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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Listing courtesy of Cimorelli Real Estate Office

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    18041
  • Office name
    Cimorelli Real Estate Office
  • SQFT
    3702
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    R-1
  • School district
    UPPER PERKIOMEN
  • Year built
    1860
  • Lot size
    12.47
  • Sewer
    On Site Septic
  • Heating
    Forced Air
  • Agent name
    Salvatore S Cimorelli
  • Purchase Type
    Active
  • Price Range
    $600k-$700k
  • Square Feet Range
    3500-4000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    56047
  • Agent ID
    3163648

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