$700,000
$1,200,000
41.7%For more information regarding the value of a property, please contact us for a free consultation.
215-221 MORTON AVE Folsom, PA 19033
Key Details
Sold Price $700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1003940521
Sold Date 03/16/17
HOA Y/N N
Originating Board TREND
Year Built 1999
Annual Tax Amount $38,654
Tax Year 2017
Lot Dimensions 160X130
Property Description
Established investment income property 10,000 square ft strip center (5,000 sq ft per floor) built in 1998 with little daily maintenance and low turnover, located across from major shopping center, easy access to public transportation and rail, near I-95 and Rt 476. This property is estimated at approximately 28,950 sq ft which includes folio #38-05-00493-01 separately deeded in sale price. (Note: County tax assessment records cite a smaller lot size of + - 20,800 sq ft). There are three (3) retail store fronts, (retail#1 is currently a restaurant, #2 now has a vacancy and #3 is a Hair Salon). The second floor consists of five(5) apartments plus 1 Office unit. Private parking for tenants plus additional parking for retail stores is provided. The property is well maintained and has had a good tenant history. All units have their own utility meters. Owner pays property taxes ($37,922), sewer fee($2,575), common area electric on building only, trash removal, lawn and snow maintenance, water and insurance.
Location
State PA
County Delaware
Area Ridley Twp (10438)
Zoning COMM
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Cooling Central A/C
Flooring Tile/Brick, Carpet
Fireplace N
Heat Source Natural Gas, Electric
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water Access N
Roof Type Shingle
Accessibility None
Road Frontage Boro/Township
Garage N
Building
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Ridley
Others
Tax ID 38-03-01636-00
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Evans C Zografakis • RE/MAX Preferred - Newtown Square
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