$575,000
$575,000
For more information regarding the value of a property, please contact us for a free consultation.
4,800 Sqft Lot
SOLD DATE : 06/28/2023
Key Details
Sold Price $575,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAMC2072054
Sold Date 06/28/23
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $3,679
Tax Year 2022
Lot Size 4,800 Sqft
Acres 0.11
Lot Dimensions 20.00 x 0.00
Property Description
Great investment opportunity in Ardmore with 9.8 % cap rate. This 4 unit mixed-use building features the following units: Apt A - 2 bedroom. Apt B (commercial unit)-1st floor rear, basement and parking lot, Apt C- 1 Bedroom studio, Apt D-1 Bedroom
Opportunity for new owner to enjoy solid cash flow and make upgrades as desired to increase rents.
Attractive location for tenants! This property has a WalkScore of 88 and is within walking distance to Suburban Square, downtown Ardmore, and the Ardmore Library . Close to public transport - Train station and Septa bus stops are all within walking distance.
Location
State PA
County Montgomery
Area Lower Merion Twp (10640)
Zoning MIXED RES/COMM
Interior
Hot Water Natural Gas
Heating Forced Air, Heat Pump(s)
Cooling Window Unit(s)
Flooring Carpet, Luxury Vinyl Plank
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Waterfront N
Water Access N
Roof Type Rubber,Shingle
Accessibility None
Parking Type On Street, Parking Lot
Total Parking Spaces 5
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Lower Merion
School District Lower Merion
Others
Tax ID 40-00-55824-008
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Bank Portfolio
Listing Terms Cash, Bank Portfolio
Financing Cash,Bank Portfolio
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Lisie B Abrams • Compass RE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "