$210,000
$199,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
2,500 SqFt
SOLD DATE : 04/08/2022
Key Details
Sold Price $210,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $84
MLS Listing ID PADE2018296
Sold Date 04/08/22
Originating Board BRIGHT
Year Built 1933
Annual Tax Amount $6,620
Tax Year 2021
Lot Dimensions 21.90 x 125.00
Property Description
Unique opportunity to purchase a corner commercial mixed use property in the heart of Collingdale! Surrounded by many local businesses and eateries, 1010 MacDade Blvd offers endless potential. The first floor is currently being utilized as a barbershop and has great foot traffic. Additional highlights include a half bathroom and break room area. The commercial space is currently rented for $1000/mo in year 3 of a 15 year lease - rent will increase incrementally. Sitting above the first floor with 2 entrances is a 2.5 story, 4BR, 1BA rental unit including laundry. It also has access to a small backyard. This unit experienced a fire (May 2021) and has been updated. It is now rented for $1600/mo. Lease ends Feb 2023. This property has a cap rate of 8%. What more could you ask for?? Easy access to public transportation and Center City. This is not a drive by - schedule your showing today!
Location
State PA
County Delaware
Area Collingdale Boro (10411)
Zoning COM
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Southeast Delco
Others
Tax ID 11-00-01776-00
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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Bought with Anthony A Lee • Realty ONE Group Legacy
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