$435,000
$489,900
11.2%For more information regarding the value of a property, please contact us for a free consultation.
337 WALNUT ST Spring City, PA 19475
8,421 SqFt
Key Details
Sold Price $435,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,421 sqft
Price per Sqft $51
MLS Listing ID PACT2010174
Sold Date 12/29/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1959
Annual Tax Amount $7,972
Tax Year 2021
Lot Size 0.282 Acres
Acres 0.28
Lot Dimensions 0.00 x 0.00
Property Description
Lets talk about the POTENTIAL! Brand new metal roof installed in fall of 2021. This 6 unit apartment building is a project but has incredible potential for great cash flow. Originally home to the Spring City Trolly then home to Tims Boat Shop. 5 of the 6 residential apartments are occupied by long term tenants ( under market rents). 1 car oversized garage presently used by a tenant. The huge shops space is to be used by the owner and offers great opportunity for apartment expansions on the second level. 5 units offer 2 bedrooms, 1 unit has 1 bedroom. 3 of the apartments have dated cosmetic interiors and need improvement. These three units have landlord paid oil heating and hot water. Two unit renovated by the previous owner in the 1980s. The largest unit was renovated in the early 2000s and includes 2 bedrooms with loft, 1.5 bath, central air, gas heat and in unit laundry. The building also includes a coin operated laundry room and plenty of parking space for all the tenants. Present cash flow is very low but with renovations, market rents and utility changes the cash flow could be great. Property being sold as-is. Buyer responsible for Use and Occupancy.
Location
State PA
County Chester
Area Spring City Boro (10314)
Zoning R2
Interior
Hot Water Natural Gas, Electric
Heating Forced Air, Baseboard - Electric
Cooling None
Flooring Hardwood, Carpet, Vinyl, Ceramic Tile
Heat Source Oil, Electric, Natural Gas
Exterior
Garage Spaces 12.0
Utilities Available Natural Gas Available, Cable TV Available
Water Access N
Roof Type Pitched,Metal
Accessibility None
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Spring-Ford Area
Others
Tax ID 14-06 -0079
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Bank Portfolio, Cash
Listing Terms Conventional, Bank Portfolio, Cash
Financing Conventional,Bank Portfolio,Cash
Special Listing Condition Standard
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Bought with Enjamuri N Swamy • Realty Mark Cityscape-Huntingdon Valley
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