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Key Details
Sold Price $75,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAMC2068092
Sold Date 01/18/24
Originating Board BRIGHT
Year Built 1965
Annual Tax Amount $7,099
Tax Year 2023
Lot Dimensions 1.00 x 0.00
Property Description
Premiere Full Service Suburban Building. Immediate to Center City Philadelphia, King of Prussia, Philadelphia Airport and the Main Line. Condominium Suite Lobby Level. 191 Presidential Condominiums offers an elegant lobby, 24/7 door attendant, 24/7 concierge and numerous amenities. Ownership includes privilege of use to the pool, tennis, gym (1 X $250/per user), social room\entertainment center. Abundance of on site parking and public transportation access. Condominium fee posted includes all utilities, gas, electric, central air. Capital contribution upon purchase of (2) months condominium/utility. Condominium Fee: $3,296. ( Property is currently leased for a term of (3) years commencement date February 2022, mutual right to terminate the lease after (27) months of occupancy with six months notice prior to the date of termination. Minimal occupancy is through April 2024. The rent is $5,000 per month and goes to $5,150 the third year of the lease (Termination may be negotiable). There is a (2) month condominium fee to be paid by the Buyer to 191 Presidential Condominiums "Capital Contribuation Fund" which is not part of the monthly condominium fees, futher explaination of this requirement should be directed to 191 management office.
"Attached Addendum required for all offers. "THIS IS PART OF A CHARITY DONATION SALE SUBJECT TO THE RECORDING OF THE DONATION DEED. ALL CASH AS-IS SALE", by Charitable Adult Rides & Services, Inc __ (EIN: 27-4327126) _______, a 501(c)3". Buyer's agent responible for disclosure of "Remarks - Agent Private" in MLS listing.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisers. You and your advisers should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Location
State PA
County Montgomery
Area Lower Merion Twp (10640)
Zoning CO (CONDOMINIUM OFFICE)
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 60.0
Waterfront N
Water Access N
Accessibility Elevator
Parking Type Off Site
Total Parking Spaces 60
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Lower Merion
Others
Tax ID 40-00-47574-311
Ownership Condominium
Special Listing Condition Third Party Approval
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Bought with Rahman Hargust • Long & Foster Real Estate, Inc.
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