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Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,680 sqft
Price per Sqft $156
MLS Listing ID PADE2048916
Sold Date 07/13/23
Style Other
Abv Grd Liv Area 3,680
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $12,750
Tax Year 2023
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 38.20 x 125.00
Property Description
Great investment opportunity in Springfield Township that definitely needs work but is priced accordingly! If renovated, this building could easily sell for high 700’s. This 4 unit quadplex is situated in a cul-de-sac location close to many major highways and is located in the desirable Springfield School District. Each unit appears to have true hardwood floors throughout and offers 2 bedrooms with larger closets, a full bath, a hall linen closet and nicely sized kitchenette plus entry way coat closet. The units do need a FULL renovation but once done can bring in $1700-1800 a month in rent per unit (see 839 Garrett Lane which very recently rented for $1795 a month), totaling $86,400 in annual rent (at 1800 per month rate). Downstairs is a common storage closet plus individual closets AND storage lockers for tenants. There is also plenty of space and a hook-up for washer and dryer. Currently there is a coin operated washer and dryer but seller is unsure if it is owned or rented and unsure of its condition. It appears the units are individually metered and have separate heaters as well as hot water heaters. It appears that there are wall units for cooling but seller does not know if they are operational. There is some off street parking and some on street parking available. This property is an estate sale and seller is not 100% certain of any information provided regarding the property such as annual costs or even utility information. Buyers should verify all information conveyed in this listing for themselves prior to making an offer. Property is being sold as is with no repairs to be made. Future buyers are responsible for clearing out anything that is at the property as of the listing date and seller will make no additional changes or repairs. Buyer is to be responsible for coordinating, completing and paying for any repairs required by the township for the Use & Occupancy certificate and both of these statements should be noted on any agreement of sale.
Location
State PA
County Delaware
Area Springfield Twp (10442)
Zoning R-40
Rooms
Basement Unfinished, Walkout Stairs
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Wall Unit
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Springfield
Others
Tax ID 42-00-01985-05
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Nicole Rufo • Keller Williams Real Estate-Blue Bell