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Key Details
Sold Price $795,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,925 sqft
Price per Sqft $114
MLS Listing ID PADE2002794
Sold Date 10/07/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $23,433
Tax Year 2021
Lot Dimensions 100.00 x 137.00
Property Description
Excellent investment opportunity! Very well maintained, stand alone three-story brick apartment building with private parking lot, and front and rear pedestrian doors. Building square footage is 6,925 and consists of eleven 1 bedroom units. The building has a gable styled roof with asphalt shingle covering, approximately 13 years old, brick façade with decorative window shutters, vinyl siding on the sides & rear, aluminum gutters & downspouts, and concrete block foundation walls. Windows are replacement vinyl double-hung. The lower level is partially below grade and consists of the laundry area, private storage units and 3 apartments. The second floor consists of 4 apartments and the second floor consists of 4 apartments. The additional square footage is common area, hallways and stairways. Each 485 square foot unit has 1 bedroom, 1 full bathroom, living room and eat-in kitchen. All kitchens feature wood/MDF cabinets, laminate counters, electric stove, mounted microwave, refrigerator, dishwasher, and garbage disposal. The bedrooms and most living rooms have wall-to-wall carpeting; some living rooms have laminate flooring. The bathrooms have ceramic tiled floors & plastic tub surrounds. The lower level has private storage lockers for each unit and two sets of coin-operated washer and dryer units. Separate 100amp electrical service for each unit. Each unit has individual electric heat pumps and domestic water heaters as well as domestic hot water connected to the house electric for laundry service. Hardwired fire alarm system. Listing agents are related to seller. Walk to train. FYI part of a 1031 exchange.
Location
State PA
County Delaware
Area Folcroft Boro (10420)
Zoning COMM A-50 APARTMENTS
Interior
Hot Water Electric
Heating Forced Air
Cooling Heat Pump(s)
Flooring Carpet, Vinyl, Ceramic Tile
Heat Source Electric
Exterior
Garage Spaces 20.0
Waterfront N
Water Access N
Roof Type Asphalt
Accessibility 2+ Access Exits, None
Parking Type Parking Lot
Total Parking Spaces 20
Garage N
Building
Lot Description Front Yard, Landscaping, Level, Open
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Southeast Delco
Others
Tax ID 20-00-00075-01
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock
Special Listing Condition Standard
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