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230 Holmes Road

HOLMES, PA 19043
  • $450,000
  • STATUS: Active
  • ON SITE: 168 Days
  • ID#: PADE2032686
UPDATED: 18 min ago
$450,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1953
County:

School Ratings & Info

School District:

Description

For sale is a well maintained fully leased three-unit investment property.+- The property consists of two buildings; the first building is a single-story structure located in the front of the property that is a storefront and the second building is a two-story structure located in the rear of the property that has two apartments, one on each floor.+- The apartments and storefront are all fully leased.+- The apartment leases are renewed annually with long term tenants and the storefront has a three year lease. The storefront dimensions are 25' wide by 55' deep.+- Each apartment has one bedroom and one bathroom and has one dedicated parking space located behind the first building and the storefront shares the use of the parking lot with 234 Holmes Ave (the property next door).+- 230 Holmes Ave (Subject property) owns the driveway while 234 Holmes Ave (neighboring property) owns the parking lot.+- The deeds to both properties state that 234 Holmes Ave has a right to use the driveway on the 230 Holmes Ave property to access the parking lot and that 230 Holmes Ave has a right to share the use of the parking lot located on the 234 Holmes Ave property.+- There are 8 spaces in the parking lot and it is currently being used on a first come, first serve basis.+- Rental income for the first-floor apartment is $740/month and the lease renews annually.+- The rent for the second-floor apartment is $750/month and the lease renews annually.+- The rent for the storefront is $1,500/month and the lease is for 3 years and renews March 1, 2026.+- Total rental income is $2,990.00 per month ($35,880.00/year).+- Insurance is $2,265/year, taxes for 2021 are $4,726/year, and water is $720/year.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-06T20:50:28.14.
www.tomtoole.com/homes/132344290
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230 Holmes Road HOLMES, PA 19043

  • Price: $450,000
  • Status: Active
  • On Site: 168 Days
  • Updated: 18 min ago
  • ID#: PADE2032686
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1953
Built
Neighborhood:
Ridley Twp (10438)
County:
Delaware
Area:
Ridley Twp (10438)
School District:
Ridley
Property Description
For sale is a well maintained fully leased three-unit investment property.+- The property consists of two buildings; the first building is a single-story structure located in the front of the property that is a storefront and the second building is a two-story structure located in the rear of the property that has two apartments, one on each floor.+- The apartments and storefront are all fully leased.+- The apartment leases are renewed annually with long term tenants and the storefront has a three year lease. The storefront dimensions are 25' wide by 55' deep.+- Each apartment has one bedroom and one bathroom and has one dedicated parking space located behind the first building and the storefront shares the use of the parking lot with 234 Holmes Ave (the property next door).+- 230 Holmes Ave (Subject property) owns the driveway while 234 Holmes Ave (neighboring property) owns the parking lot.+- The deeds to both properties state that 234 Holmes Ave has a right to use the driveway on the 230 Holmes Ave property to access the parking lot and that 230 Holmes Ave has a right to share the use of the parking lot located on the 234 Holmes Ave property.+- There are 8 spaces in the parking lot and it is currently being used on a first come, first serve basis.+- Rental income for the first-floor apartment is $740/month and the lease renews annually.+- The rent for the second-floor apartment is $750/month and the lease renews annually.+- The rent for the storefront is $1,500/month and the lease is for 3 years and renews March 1, 2026.+- Total rental income is $2,990.00 per month ($35,880.00/year).+- Insurance is $2,265/year, taxes for 2021 are $4,726/year, and water is $720/year.
Exterior Features

Construction Materials BlockBrick Garage YN No Parking Features Paved ParkingPrivateUnassigned Parking Types Parking Lot Property Condition Average Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3500.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 3500.00

Property Features

Acceptable Financing CashConventionalFha Accessibility Features None Assessment Year 2022 Business Type Apartment BuildingOther/General Retail Central Air YN Yes Cooling Fuel Electric Cross Street Macdade Blvd Elevators 0 Entry Level 1 Foundation Details Slab Heating Fuel Natural Gas Hot Water Electric Lease Considered YN No Municipality Ridley Twp Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 801828396484 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 7616.00 Tax Assessment Amount 236930.00 Tax Lot 874-000 Total Actual Rent 35880.00 Vacation Rental YN No Water Source Public Zoning Residential

Listing courtesy of Zommick Mcmahon Commercial Real Estate: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-06T20:50:28.14.
 
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