For more information or a personal tour call John & Mary now at 302-740-5872
Listing IDPADE2016374
Sold For$330,000
SqFt
3,000
Acres
0.040
StatusCLOSED
CountyDelaware
Year Built1950
Property TypeCommercial Sale
Property Sub TypeMixed Use
If you are looking for a solid real estate investment, your search is over!!!!! 234 LONG LN is the property!!!! Difficult to find property like this in a very convenient location near 69th street subway station, bus line, shopping, businesses, school nearby!!!Recently Renovated 2nd FLOOR 1200SF 3 BED APARTMENT ready for new owner to move in or rent for 1500/M. Three other units currently rented!!!!! TOTAL 4 UNITS with 3600 monthly rent!!!I 234 LONG LN is 3 story mixed use property in Upper Darby Township!!! Upper Darby School District!!! Walking distance to 69th street subway station!!!!!!!!PROPERTY DETAILS:::: 3 story Semi detached BRICK building . 3rd floor and 2nd floor apartments , 1st floor front and back two offices/rental units . Guaranteed income. All updated units . 1st flr FRONT- Church with 1 powder rooms, rent 600/M . 1st floor BACK - Office with powder room and 1 car parking , rent 700/M . 2nd flr recently renovated 3 bed room apartment, with Living room and EIK kitchen , Freshly painted, new vinyl floor. 4 pieces bathroom. Projected Monthly rent $1500/month. 3rd flr: 1 bed room, 1 bath, LR, kitchen.. bath, Rent $800/month. 3 Separate electric meters. Total Monthly Rental Income=600+700+1500+800=3600H. CAP RATE 9.75!!!!!Tenants Pays own electric. Owner pays water (Avg. 75/M) and Gas for heating. Last 12 months total PECO gas bill 1739$ ( AVG. 144/M). Excellent investment opportunity or stay in one and collect rent from other three others to pay mortgage. Most of the updates done last few years. Nothing to do. Come take a look. Will not last!!!!!!!
County
Delaware
Price/SqFt
113.33
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Subdivision
BYWOOD
Year Built
1950
Zoning
COMMERCIAL
Building Total SqFt Source
Estimated
Central Air
no
Cooling Type
Window Unit(s)
Flooring Type
Wood, Luxury Vinyl Plank
Heating
yes
Heating Type
Hot Water, Radiator, Zoned
Building Units Total
4
Car Parking Spaces
1
Construction Materials
Brick, Metal Siding, Stucco, Vinyl Siding
Cooling Fuel
Electric
Electric Service
100 Amp Service, 220 Volts, 3 Phases, 110 Volts
Foundation Details
Stone, Brick/Mortar
Heating Fuel
Natural Gas
Hot Water
Natural Gas, 60+ Gallon Tank
Lot Dimensions Source
Assessor
Lot Size Dimensions
25.00 x 75.00
Lot Size Source
Estimated
Lot Size Units
Square Feet
New Construction
no
Parking Features
Private
Roof
Architectural Shingle, Flat, Rubber
Sewer Septic
Public Sewer
Tidal Water
no
Total Garage and Parking Spaces
1
Type of Parking
Driveway, On Street, Other
Utilities
Cable TV, Electric Available, Phone Available, Water Available
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
Location Type
Urban
MLS Area
Upper Darby Twp (10416)
Municipality
UPPER DARBY TWP
Transportation
Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station less than 1 mile
Waterfront
no
Zoning Description
Mixed use multi-family. 2 apartments with store-front/office.
Accessibility Features
2+ Access Exits, Level Entry - Main
Base Off Market Date
2022-03-31T00:00:00+00:00
Business Type
Apartment Building, Professional, Religious Facility
Days on Market
36
Historic
no
Land Use Code
C-30
Potential Tenancy
Multiple
Property Condition
Excellent
Property Use
Investment
Year Assessed
2021
Year Built Source
Estimated
Acceptable Financing
Cash, Conventional, Private, Seller Financing
Annual Gross Expense
11000
Annual Heating Expense
1800
Association Recreation Fee
N
Automatically Update Tax Values
yes
Buyer Financing
Conventional
Cap Rate
9
Exclusions
Tenants personal properties. 1st floor Business and Office equipment's
Gross Income
42000
Gross Scheduled Income
42000
Ground Rent Exists
no
Inclusions
2nd and 3rd floor apartment stove and refrigerator "AS IS"
Lease Considered
no
Net Operating Income
31000
Net SqFt
1875
Operating Expense
11000
Operating Expense Includes
Heating/Cooling, Insurance, Repair/Maintenance, Sewer, Trash, Water
Other Expense
600
Ownership Interest
Fee Simple
Possession
Subject to Existing Lease, Immediate, Other
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
4484
Tax Assessed Value
110000
Tax Data Updated
no
Tax Lot
823-000
Tax Year
2021
Total Actual Rent
42000
Vacation Rental
no
Listing courtesy of Long & Foster Real Estate, Inc.
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Long & Foster Real Estate, Inc.. Data last updated on Thursday, March 28th, 2024 01:06:32 PM.
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Long & Foster Real Estate, Inc.. Data last updated on Thursday, March 28th, 2024 01:06:32 PM.
Contact - Listing ID PADE2016374
John Luca
88 Lantana Dr.
Hockessin, DE 19707
Phone: 3029996966
Phone Alt: 3027405872
Data services provided by IDX Broker