Prospect Park, PA 19076,730 14TH AVE
Prospect Park, PA 19076,730 14TH AVE
Prospect Park, PA 19076,730 14TH AVE
Prospect Park, PA 19076,730 14TH AVE
Prospect Park, PA 19076,730 14TH AVE
Prospect Park, PA 19076,730 14TH AVE
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$295,000

$295,000

Est.Price: ?

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Est. payment /mo

2,546 SqFt


SOLD DATE : 04/29/2019

Key Details

Sold Price $295,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,546 sqft

Price per Sqft $115

MLS Listing ID PADE437934

Sold Date 04/29/19

Style Other

HOA Y/N N

Abv Grd Liv Area 2,546

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $6,103

Tax Year 2018

Lot Size 8,189 Sqft

Acres 0.19

Lot Dimensions 55.00 x 150.00

Property Description

Attention seasoned investors and first-time owner occupants! Shade trees and a large front porch welcome you to this meticulously maintained 4-unit dwelling, with garage and off-street parking for four. This quiet and desirable neighborhood is walking distance to parks, convenience stores, a library and the train to Center City. Tenants and guests can enter through a shared lobby, or through back-door entrances from the off-street parking area. First floor Unit 1 is a bright and sunny space with living room, dining room, full kitchen, 2 bedrooms, bath, central air conditioning, plentiful windows, and wall-to-wall carpeting. It would be ideal for an owner occupant. Currently vacant, it was last rented for $925 month. The second floor landing provides access to Units 2, 3 and 4, each are one bedroom/studio units with long term tenants who consistently pay on time. Income from the 3 occupied units and the garage is $2050 a month. The four units and garage have updated electrical service and are metered individually. Heating for units 2, 3 and 4 is electric baseboard heat. Owner pays for tenant water and common area electric. Tenants have access to the basement which offers storage and coin-operated laundry, which generates another $300-400 income annually. Gross annual income for the property is $35,700 (including laundry), or $24,600 annually without Unit 1 and laundry income. An owner occupant borrower can count 75% of this amount as income when applying for a home loan. The monthly income will be paying most if not all of your mortgage. When fully occupied, this property is an excellent investment. As a landlord myself, I can tell you that multi-family dwellings with sound mechanical systems, separate utilities, on site laundry and off street parking in a great location are hard to come by. So make your appointment today before this opportunity is gone.

Location

State PA

County Delaware

Area Prospect Park Boro (10433)

Zoning RESID

Rooms

Basement Full, Walkout Level

Interior

Hot Water Natural Gas

Heating Baseboard - Electric, Forced Air

Cooling Window Unit(s), Central A/C

Heat Source Electric

Exterior

Garage Spaces 5.0

Waterfront N

Water Access N

Accessibility None

Parking Type Driveway, Off Street, Parking Lot

Total Parking Spaces 5

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Interboro

Others

Tax ID 33-00-00722-00

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Anne D Hanson • Coldwell Banker Realty
Bought with Robin M Anderson • KW Greater West Chester
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