$150,000
$295,000
49.2%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 03/23/2017
Key Details
Sold Price $150,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1003942663
Sold Date 03/23/17
Style Other
HOA Y/N N
Originating Board TREND
Year Built 1915
Annual Tax Amount $10,876
Tax Year 2017
Lot Size 0.281 Acres
Acres 0.28
Lot Dimensions 99X174
Property Description
Great Rental Property Investment!! Annually, Gross Rev 42,720, Total Cost 15,723, NOI 26,997, Cap Rate 9%. Owner retiring, divesting several rental units in the area. Discount considered for purchase of multiple properties. This is a Five Unit secure and very well maintained apartment building in great condition. Just passed yearly Use & Occupancy Inspection. All apartments have fire alarms, Co2 detectors, fire extinguishers ceiling fans with light kits. All utilities are separated. New gutters in 2015. Numerous improvements since purchased in late 1980 include roof, double pain windows, vinyl siding, wiring (separating units), plumbing (replacing galvanized with copper), flooring, kitchen cabinets, upgraded bathroom include tub, vanity & toilet. Installed timed solar exterior lighting. 3 Main entrance doors. 2 Wolmanized wood roofed fire escapes. 2 Decks for Apts. A & B. All units rented on a month to month basis with long time renters Close to public transportation and shopping. Owners pays water and sewer, renters pay gas and electric. Owner must be present at showings and requires 24 hrs notice. DO NOT solicit renters.
Location
State PA
County Delaware
Area Lansdowne Boro (10423)
Zoning MUL
Direction Southeast
Rooms
Other Rooms Primary Bedroom
Basement Full
Interior
Interior Features Ceiling Fan(s)
Hot Water Natural Gas
Heating Gas, Forced Air
Cooling Wall Unit
Flooring Fully Carpeted
Fireplace N
Window Features Replacement
Heat Source Natural Gas
Laundry Washer In Unit
Exterior
Utilities Available Cable TV Available
Waterfront N
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Parking Type None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
New Construction N
Schools
High Schools Penn Wood
School District William Penn
Others
Tax ID 23-00-02341-00
Ownership Fee Simple
Acceptable Financing Conventional, VA, FHA 203(b)
Listing Terms Conventional, VA, FHA 203(b)
Financing Conventional,VA,FHA 203(b)
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Bought with Joseph O'Neill • Moore & Ryan Real Estate
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