$255,000
$250,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
0.53 Acres Lot
SOLD DATE : 05/12/2021
Key Details
Sold Price $255,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PADE537678
Sold Date 05/12/21
Style Victorian
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $12,173
Tax Year 2021
Lot Size 0.527 Acres
Acres 0.53
Lot Dimensions 170.00 x 135.00
Property Description
WOW!!! $150,000 PRICE REDUCTION--what an investment opportunity with excellent location, visibility and accessibility! Situated on a large, level lot, directly across the street from the Ridley Park Train Station and walking distance to Ridley Park town center, this multi-unit rental offers a myriad of cash producing options! Currently a medical office on the first floor with two recently renovated residential apartments upstairs, this property could offer the right owner the option to operate their business downstairs while living in or renting out the upstairs to subsidize overhead. The large parking lot offers extensive parking for tenants or clients, and the train station steps away offers a straight shot commute to center city Philadelphia. The medical office on the main floor comes equipped with central ac and heat, and has a lobby when you walk in, along with a large waiting area off to the left. Proceed back past the reception desk to a spacious private office with access to two separate exam rooms. As you continue down the hallway you will find another waiting area, four more exam rooms, three half baths, and a full kitchen with exit to the parking lot. The 2nd floor apartment is a 2 bed/1 bath with a separate large family room and could rent for $1200-$1400. The third floor apartment 1 bed/1 bath and could rent for $800-$1000. With a bit of work, they could probably fetch even more. Lastly, there is a full unfinished basement for storage with access from the rear of the property via bilco doors. With train access to Philadelphia across the street, and walking distance to Ridley Park downtown, the living/rental possibilities are extensive! Schedule a showing today before it gets snatched up! Currently zoned R-1 for a single family house. Prior approved non-conforming use was deemed "abandoned" by borough. Could potentially be reinstated with an appeal to zoning board. Property is being sold "As-Is". Buyer responsible for all U&O related repairs.
Location
State PA
County Delaware
Area Ridley Park Boro (10437)
Zoning R-1
Interior
Hot Water Electric, Natural Gas
Heating Baseboard - Electric, Baseboard - Hot Water, Central
Cooling Central A/C
Flooring Ceramic Tile, Carpet, Laminated
Heat Source Natural Gas, Electric
Exterior
Garage Spaces 10.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway, On Street, Parking Lot
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Ridley
Others
Tax ID 37-00-01755-00
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Patti A Morrisette • Long & Foster Real Estate, Inc.