Folsom, PA 19033,1604-1614 MACDADE BLVD
Folsom, PA 19033,1604-1614 MACDADE BLVD
Folsom, PA 19033,1604-1614 MACDADE BLVD
Folsom, PA 19033,1604-1614 MACDADE BLVD
Folsom, PA 19033,1604-1614 MACDADE BLVD
Folsom, PA 19033,1604-1614 MACDADE BLVD
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$650,000

$699,900

7.1%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 05/31/2022

Key Details

Sold Price $650,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID PADE2018694

Sold Date 05/31/22

Originating Board BRIGHT

Year Built 1947

Annual Tax Amount $7,650

Tax Year 2022

Lot Dimensions 34.00 x 89.00

Property Description

Excellent investment opportunity. Currently 90% occupied. Offers CAP rate of 10% and offers NOI of $71,550 annually. Properties feature 5 apartments (4-one bedroom units and 1-two bedroom unit) and 5 store fronts. Off-street parking available. NO owner financing available. Property requires 48 hours notice for showings. The property is located in the heart of Ridley Township and less than 10 miles from both Center City and the PA-DE border. The property is also convenient located near major transportation arteries I-476 and I-95 as well as public transportation. This is being sold as a package only and consists of 2 folio numbers: 38-03-01091-00 and 38-03-01092-00 and the address is: 1604-1606-1608 and 1614 MacDade Boulevard. Units 1604-06-08 features 2-store fronts and 2 (one bedroom) apartmenst as well as a full basement with individual heaters and h/w heaters for each apartment. Each store front has their own portable gas heater inside the store. Unit 1614 features
3 -store fronts and 3 apartments (2-one bedroom and 1-two bedroom). Each unit has electric basement heat which is paid by tenants. All units have separate electric meters and landlord pays common electric on two hot water heaters in basement and common building electric.

Location

State PA

County Delaware

Area Ridley Twp (10438)

Zoning COM

Interior

Hot Water Natural Gas

Cooling None

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Waterfront N

Water Access N

Accessibility None

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Ridley

Others

Tax ID 38-03-01092-00 /38-03-01091-00

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Matthew Russo • BHHS Fox & Roach-Media
Bought with Robert Stranix • Realty Mark Cityscape-King of Prussia
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