$650,000
$699,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/31/2022
Key Details
Sold Price $650,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID PADE2018694
Sold Date 05/31/22
Originating Board BRIGHT
Year Built 1947
Annual Tax Amount $7,650
Tax Year 2022
Lot Dimensions 34.00 x 89.00
Property Description
Excellent investment opportunity. Currently 90% occupied. Offers CAP rate of 10% and offers NOI of $71,550 annually. Properties feature 5 apartments (4-one bedroom units and 1-two bedroom unit) and 5 store fronts. Off-street parking available. NO owner financing available. Property requires 48 hours notice for showings. The property is located in the heart of Ridley Township and less than 10 miles from both Center City and the PA-DE border. The property is also convenient located near major transportation arteries I-476 and I-95 as well as public transportation. This is being sold as a package only and consists of 2 folio numbers: 38-03-01091-00 and 38-03-01092-00 and the address is: 1604-1606-1608 and 1614 MacDade Boulevard. Units 1604-06-08 features 2-store fronts and 2 (one bedroom) apartmenst as well as a full basement with individual heaters and h/w heaters for each apartment. Each store front has their own portable gas heater inside the store. Unit 1614 features
3 -store fronts and 3 apartments (2-one bedroom and 1-two bedroom). Each unit has electric basement heat which is paid by tenants. All units have separate electric meters and landlord pays common electric on two hot water heaters in basement and common building electric.
Location
State PA
County Delaware
Area Ridley Twp (10438)
Zoning COM
Interior
Hot Water Natural Gas
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Ridley
Others
Tax ID 38-03-01092-00 /38-03-01091-00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Robert Stranix • Realty Mark Cityscape-King of Prussia
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "