Folsom, PA 19033,215-221 MORTON AVE
Folsom, PA 19033,215-221 MORTON AVE
Folsom, PA 19033,215-221 MORTON AVE
Folsom, PA 19033,215-221 MORTON AVE
Folsom, PA 19033,215-221 MORTON AVE
Folsom, PA 19033,215-221 MORTON AVE
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$700,000

$1,200,000

41.7%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 03/16/2017

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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Bright MLS (BMLS)
Listed by Gary M Scheivert • BHHS Fox & Roach-Media
Bought with Evans C Zografakis • RE/MAX Preferred - Newtown Square
Nina Bavosa

Agent | License ID: 2080701

+1(908) 510-9094 | nina@ninasellsnj.com

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