$780,000
$849,900
8.2%For more information regarding the value of a property, please contact us for a free consultation.
9,999 SqFt
SOLD DATE : 10/09/2020
Key Details
Sold Price $780,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,999 sqft
Price per Sqft $78
MLS Listing ID PADE505880
Sold Date 10/09/20
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $14,426
Tax Year 2020
Lot Size 0.316 Acres
Acres 0.32
Lot Dimensions 110.00 x 125.00
Property Description
11-Unit Apartment Building available for sale in Prospect Park. Units have been individually updated over the past 4 years by the property owner. 10 of the 11 units are currently rented. Additional Income is generated by leasing the detached garages, and through coin-op laundry on premises. Rents are below market, and many of the tenants are on Month-to-Month Leases. Assuming Market Rents, the property is being offered at a 7.42% Cap Rate. Pro forma is available from the listing agent upon request.
Location
State PA
County Delaware
Area Prospect Park Boro (10433)
Zoning RES-1
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Waterfront N
Water Access N
Accessibility None
Parking Type Private Garage, Other
Total Parking Spaces 3
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Interboro
Others
Tax ID 33-00-02269-00
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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