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Key Details
Sold Price $85,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1003941059
Sold Date 08/15/17
HOA Y/N N
Originating Board TREND
Year Built 1927
Annual Tax Amount $3,748
Tax Year 2017
Lot Size 1,071 Sqft
Lot Dimensions 17 X 63
Property Description
LOCATION LOCATION LOCATION! This Commercial Multi-Unit is a gold mine consisting of three (3), One(1) - bedroom apartments and a store front in a high traffic count area at the tip of Darby Township. Less than a half-mile from Philadelphia's Cobbs Creek Parkway with the Route 11 Septa trolley stop at the corner. This location invites endless opportunities to become a Business Owner, Landlord, Owner Occupied, or Turnkey Investor. So, Let's talk NUMBERS! Current Rental income totals $2050. An owner-occupied FHA Loan (3.5% down at an interest rate of 4%) will have an average monthly payment of $950, which includes Principal Interest Taxes Insurance. So you can get paid to live here and make nearly $1000 a month. BUT WAIT! THERE'S MORE! If you qualify for first time Home-buying programs, get up to $8000 in assistance toward your down payment. (Imagine putting less than $5000 down to purchase and then making 1k per month living free.) If you are an investor, your CAP rate is 15%+. If you are a small business owner or thinking of starting a business, this is great opportunity to make money; even if your business is not making money. Consider a Barbara or Beauty Salon, Small Office, Retail Store, or Non-Profit. Owner has made numerous upgrades and the property has good "bones". Schedule an appointment today and pursue your future.
Location
State PA
County Delaware
Area Darby Boro (10414)
Zoning YES
Rooms
Other Rooms Primary Bedroom
Interior
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District William Penn
Others
Tax ID 14-00-01758-00
Ownership Fee Simple
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Bought with Michael P. Diggin • RE/MAX Town & Country
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