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Key Details
Sold Price $360,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,338 sqft
Price per Sqft $107
MLS Listing ID PADE543818
Sold Date 06/30/21
Style Traditional
HOA Y/N N
Abv Grd Liv Area 3,338
Originating Board BRIGHT
Year Built 1928
Annual Tax Amount $7,691
Tax Year 2020
Lot Size 0.292 Acres
Acres 0.29
Lot Dimensions 60.00 x 181.00
Property Description
Great investment opportunity! This property has 7 units of cash flow. 3 Units plus 4 garages! Minutes away from Wilmington/Newark Septa Line and not far to the Media/Elwyn Septa Line. A New Roof and New Gas Fired Heater(s) installed in 2019. Effective gross income is $36,320, but at market value could be $44,300. Net Operating Income is $22,365 could be $30,345. The current cap rate is 6.5% but could be 8.0% at market value. Cash flow is $7,580 could be $14,050 at market value. Cash on cash is currently 8.8% could be 15%. Garage 1- month-to-month lease --- $175/month \ Garage 2- Month-to-month lease--- $200/month Garage 3- Month to Month lease --- $175/month Garage 4 - leased until 6/30/2021--- $200/month Rent has not been materially raised in 10 years.
Location
State PA
County Delaware
Area Glenolden Boro (10421)
Zoning MULTI FAMILY
Rooms
Basement Full, Outside Entrance, Unfinished
Interior
Hot Water Natural Gas
Heating Radiator, Hot Water
Cooling Central A/C
Heat Source Electric
Exterior
Parking Features Oversized
Garage Spaces 9.0
Water Access N
Roof Type Pitched,Shingle
Accessibility 2+ Access Exits
Total Parking Spaces 9
Garage Y
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Interboro
Others
Tax ID 21-00-02011-00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with John Knisely • Keller Williams Real Estate - Media
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