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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
Water Access N
Roof Type Rubber,Shingle
Accessibility None
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
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Bought with Lisie B Abrams • Compass RE
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