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Key Details
Sold Price $837,500
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,344 sqft
Price per Sqft $114
MLS Listing ID PADE2043436
Sold Date 07/19/23
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $13,140
Tax Year 2023
Lot Dimensions 0.00 x 0.00
Property Description
12 unit residential building. This property has 4- one bedroom units and 8- studio units. 9 of the 12 units are occupied and are on month to month leases. Potential cap rate is over 11.5%. This property is on 2 parcels of land with 2 tax IDS: 1139 Chester Pike (tax ID # 38-01-00302-00) and 346 Hollis Ave (tax ID # 38-01-00301-00). Buyer to confirm all tax information and square footage for both parcels. Separate gas and electrical meters for all units. Tenants pay cooking gas and electric. Owner pays heat and water. Please see attached profit and expense breakdown.
Location
State PA
County Delaware
Area Ridley Twp (10438)
Zoning A-50
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
View City
Accessibility 2+ Access Exits
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Ridley
Others
Tax ID 38-01-00302-00/38-01-00301-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Private, Other
Listing Terms Cash, Conventional, Private, Other
Financing Cash,Conventional,Private,Other
Special Listing Condition Standard
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Bought with Gregory Martire • Springer Realty Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "