$553,000
$575,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/28/2024
Key Details
Sold Price $553,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PADE2059110
Sold Date 02/28/24
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $10,889
Tax Year 2023
Lot Dimensions 125.00 x 125.00
Property Description
Don't miss this incredible investment opportunity - fully rented 5 unit Victorian apartment building in Ridley Park. This very well maintained property features one studio, three 1bd/1ba, and one 2bd/1ba apartments, as well as a detached two-car garage that currently rents for $200/month. Fantastic current NOI of $45,498 -- 7.9% Cap Rate! Property offers on site laundry and parking and is conveniently located near SEPTA Regional Rail, I-476, and I-95.
Location
State PA
County Delaware
Area Ridley Park Boro (10437)
Zoning R
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Wall Unit
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot, Private Garage
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Ridley
Others
Tax ID 37-00-01684-00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Charles Paul Patterson • Realty One Group Exclusive
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "