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Key Details
Sold Price $750,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PADE537414
Sold Date 05/28/21
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $11,875
Tax Year 2021
Lot Dimensions 120 x 228.00
Property Description
Incredible turn key cash flowing investment opportunity! Ownership has spent significant capital to improve the overall condition of the property in recent years. This listing includes 2 separate buildings 410-414 Clifton Ave. 9 units total on one parcel with a buildable lot in the back of the property already zoned R1-R2. On street parking in the front and a private parking lot in the back. Each unit has one parking spot. There's a 3 bay garage that has a new roof and electric currently being rented by one of the tenants. Most rents are below market value with the opportunity to increase by $100-$150. 410 Clifton Ave. is fully occupied with long term tenants (5) 1 bedroom units, 5 domestic water heaters, 5 gas heaters, 6 electrical panels including a house panel, updated kitchen, new windows, new roof, sperate storage area in basement. 414 Clifton Ave. is fully occupied with long term tenants, (4) 1 bedroom units, updated kitchens with gas stoves, 4 water heaters, 4 gas heaters, separate water meters for each unit, 5 electrical panels including house panel, laundry room w/ landlord owned coin operated washer/dryer, and 2 separate basement storage areas. Located on a quiet dead end street close to transportation and regional rail.
Location
State PA
County Delaware
Area Sharon Hill Boro (10441)
Zoning A-50 APARTMENTS 5-9 UNITS
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Ceiling Fan(s), Window Unit(s)
Equipment Negotiable, See Remarks
Heat Source Natural Gas
Exterior
Garage Spaces 9.0
Utilities Available Natural Gas Available
Waterfront N
Water Access N
Roof Type Rubber
Accessibility None
Parking Type On Street, Parking Lot, Private Garage
Total Parking Spaces 9
Garage N
Building
Lot Description Front Yard, Rear Yard, SideYard(s), Partly Wooded, Additional Lot(s)
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Southeast Delco
Others
Tax ID 41-00-00539-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash, Negotiable
Listing Terms Conventional, Cash, Negotiable
Financing Conventional,Cash,Negotiable
Special Listing Condition Standard
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Bought with Billy Stroumbaras • NextHome Brandywine