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Key Details
Sold Price $604,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,650 sqft
Price per Sqft $165
MLS Listing ID PADE2022168
Sold Date 06/17/22
Originating Board BRIGHT
Year Built 1923
Annual Tax Amount $15,772
Tax Year 2021
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 53.00 x 134.00
Property Description
Great Investment Opportunity for Rare 5 Unit in Award Winning Wallingford-Swarthmore School District. Great long term tenant base occupies 4 out of the 5 units. One unit, apartment 2F, is available for showing at your convenience. This unit has been recently updated and prime for a new renter. All 4 other units have great tenants that wish to stay. There is opportunity for new owner to increase rents as all rents are under current market value. All 5 apartments have their own electric, gas and water meters. The first floor apartment and both second floor apartments have owner provided heat included in rent. The third floor apartments have gas forced air and a/c for their own units. Great corner property with recently coated and striped private parking lot, has 8 spots for tenants of this building. See rent roll and financials for your due diligence. This property was recently appraised at $730,000.00, so the offering price has plenty of room for the new owner to have piece of mind. This is a must see if you are a serious investor wanting to add a building to your portfolio in a great school district.
Location
State PA
County Delaware
Area Rutledge Boro (10440)
Zoning R-40
Interior
Hot Water Electric, Natural Gas
Heating Hot Water, Radiator, Zoned, Forced Air
Cooling Central A/C, Window Unit(s)
Flooring Carpet, Hardwood, Laminated, Vinyl, Ceramic Tile
Heat Source Natural Gas, Oil
Exterior
Garage Spaces 8.0
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 8
Garage N
Building
Lot Description Corner
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Strath Haven
School District Wallingford-Swarthmore
Others
Tax ID 40-00-00001-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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