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    207 South Avenue

    GLENOLDEN, PA 19036
    • $379,900
    • STATUS: Pending
    • ON SITE: 55 days
    • ID#: PADE543818
    Pending
    UPDATED: 47 min ago
    $379,900
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,338
      SQFT
    • $114
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    School District:

    Description

    Great investment opportunity! This property has 7 units of cash flow. 3 Units plus 4 garages! Minutes away from Wilmington/Newark Septa Line and not far to the Media/Elwyn Septa Line. A New Roof and New Gas Fired Heater(s) installed in 2019. Effective gross income is $36,320, but at market value could be $44,300. Net Operating Income is $22,365 could be $30,345. The current cap rate is 6.5% but could be 8.0% at market value. Cash flow is $7,580 could be $14,050 at market value. Cash on cash is currently 8.8% could be 15%. Garage 1- month-to-month lease --- $175/month \ Garage 2- Month-to-month lease--- $200/month Garage 3- Month to Month lease --- $175/month Garage 4 - leased until 6/30/2021--- $200/month Rent has not been materially raised in 10 years.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Drayton Young. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-15T17:54:19.59.
    www.draytonyounggroup.com/homes/116279354
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    207 South Avenue GLENOLDEN, PA 19036

    • Price: $379,900
    • Status: Pending
    • Updated: 47 min ago
    • ID#: PADE543818
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    3,338
    SQFT
    $114
    $/SQFT
    1928
    Built
    Neighborhood:
    Glenolden Boro (10421)
    County:
    Delaware
    Area:
    Glenolden Boro (10421)
    School District:
    Interboro
    Property Description
    Great investment opportunity! This property has 7 units of cash flow. 3 Units plus 4 garages! Minutes away from Wilmington/Newark Septa Line and not far to the Media/Elwyn Septa Line. A New Roof and New Gas Fired Heater(s) installed in 2019. Effective gross income is $36,320, but at market value could be $44,300. Net Operating Income is $22,365 could be $30,345. The current cap rate is 6.5% but could be 8.0% at market value. Cash flow is $7,580 could be $14,050 at market value. Cash on cash is currently 8.8% could be 15%. Garage 1- month-to-month lease --- $175/month \ Garage 2- Month-to-month lease--- $200/month Garage 3- Month to Month lease --- $175/month Garage 4 - leased until 6/30/2021--- $200/month Rent has not been materially raised in 10 years.
    Exterior Features

    Architectural Style Traditional Construction Materials Vinyl SidingAluminum Siding Garage Spaces 4.00 Garage Type Oversized Garage YN Yes Other Structures Above GradeBelow Grade Parking Types DrivewayDetached Garage Pool No Pool Riparian Rights YN No Roof PitchedShingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3338 Basement FullOutside EntranceUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating RadiatorHot Water Heating YN Yes Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 0

    Property Features

    Accessibility Features 2+ Access Exits Assessment Year 2021 Association YN No Central Air YN Yes Cooling Fuel Natural GasElectric Heating Fuel Electric Hot Water Natural Gas Municipality Glenolden Boro Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 1 Number Of Units Vacant 0 Operating Expense 13955.00 Operating Expense Includes InsuranceSnow Removal Original MLSNumber 304563923692 Ownership Interest Fee Simple Possession 0-30 Days Cd Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 7691.00 Tax Assessment Amount 253170.00 Tax Lot 363-000 Vacation Rental YN No Water Source Public Zoning Multi Family

    Listing courtesy of Re/Max Town & Country.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Drayton Young. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-15T17:54:19.59.
     
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