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Key Details
Sold Price $282,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $104
Subdivision Prospect Park
MLS Listing ID PADE517552
Sold Date 11/23/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $8,397
Tax Year 2019
Lot Size 0.344 Acres
Acres 0.34
Lot Dimensions 100.00 x 150.00
Property Description
Capitalization information under documents. FURNISHED AS MANY PICTURES AS COULD GIVE AN IDEA OF PROPERTY AND CONDITION WHICH IS FAIR. EXCELLENT INVESTMENT!!! A COUPLE OF TENANTS THERE OVER 20 YEARS. 5 UNITS COULD BE CONVERTED TO 4 FOR BETTER FINANCING OPTION WITH LITTLE LOSS OF INCOME. PROPERTY NEEDS SOME FRUGAL MODIFICATIONS. FULLY OCCUPIED AND MOST LONG TERM TENANTS. POSITIVE CASH FLOW. REPLACE EARNED MONIES WITH RENTAL INVESTMENT INCOME. Curbside appeal with late 19th to early 20th Century Victorian design. A 3rd floor Mullion Window, Bowed structure sided d by an L wraparound porch and multi peaked roof. There are 2 units on ground floor that could be a a 3 Bedroom multi bath unit with some imagination. Heat and Water Paid by Landlord and this lies in need of improvement. Exterior in fine condition. Off street Parking available. See document for Capitalization and other details of income and expenses. Leases are available upon request. For live in owner could convert 1st floor apartments to a single unit with 203K financing . Making it a 4 unit building creates the possibility of Fannie Mae Financing. A palate looking for your creative design. Propose a sensible offer and walk away with a property with enormous possibilities.
Location
State PA
County Delaware
Area Prospect Park Boro (10433)
Zoning 02-TAXABLE
Interior
Hot Water Electric
Heating Radiant
Cooling None
Flooring Hardwood, Carpet
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Utilities Available Cable TV Available, Electric Available, Phone Available, Water Available
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type Other
Total Parking Spaces 5
Garage N
Building
Lot Description Corner, Front Yard, Level, Rear Yard, SideYard(s)
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Interboro
Others
Tax ID 33-00-02224-00
Ownership Fee Simple
SqFt Source Estimated
Security Features Main Entrance Lock,Smoke Detector
Acceptable Financing Bank Portfolio, Cash, Private, Other
Listing Terms Bank Portfolio, Cash, Private, Other
Financing Bank Portfolio,Cash,Private,Other
Special Listing Condition Standard
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Bought with Norman C Barnes Sr. • Long & Foster Real Estate, Inc.