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100 Chester

DARBY, PA 19023
  • $182,000
  • STATUS: Pending
  • ON SITE: 151 Days
  • MLS #: PADE2033100
Pending
UPDATED: 63 min ago
$182,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,060
    SQFT
  • $59
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

School District:

Description

Purchase Price suggested based on income but is negotiable. Though Property is zoned Triplex probable best use is a duplex. Owner will offer a second of up to 30K at 3% on a 10 year term. It is believed if you change to a duplex on record you will not be able to change back if you choose to change to triplex. As present mix use duplex may qualify for better financing check with a mortgage professional. It could be a Triplex i.e. a Store and 2 smaller apartments or to a duplex. All info is deemed accurate but as you know if you have a question you consult Code enforcement. The store is on a 10 year graduated lease r with an end of lease extension option. As an Income producing property and 1 large Apartment it has greater stability of income then as a store and 5 independently rented Rooms. Rooms for rent do not provide the stability or permitted. Apartments in this area in demand due to proximity of schools and major employment areas on industrual highway. The 1st Floor store is on a multi year lease with a table of yearly rent escalations. Property rental permits up to date for a 3 Unit Building. A single large unit could be created by refurbishing and expanding the Kitchen Area. It could be completed by creating a Living Room/ Kitchen combo area. There is a 1 Pc Bath on the 1st floor needs remodeling and design. Space there to do it. The second floor has 4 Rooms and full bath rooms of varying sizes and could be 1 room as work area and 3 Bedrooms or rooms could be designated as new owner desires. There is a full bath on second floor. Probably with some creativity and expense could be 3 units. As a triplex i I could see Rooms marked 2&3 and Rooms 4&5 be 2 separate units offered in combination with shared use of Kitchen and 2nd Floor Bath. Room 1 a room on 1st floor could be living area granted on an alternate weekly basis. Created 3 Bedroom Unit making property a duplex could rent for about $1500 per month and maybe another $35 per month for laundry area created on 1st floor. Roughly as a triplex in place $1254 for store & possibly $850 each for other 2 units and $70 for laundry use. $3024 per month. As a duplex in a proposed design you would have a combo LR/Kitchen/Dining Room Arrea on 1st floor and upstairs you could have a work area plus 3 additional Bedrooms 2 of which are extra size bedrooms and 1 smaller bedroom. and a 4 pc bathroom. Store occupies 1st floor. The storefront is equal to 12+ Foot . Property is free standing. Offstreet Parking. Store is occupied with lease ending 10/31/2031. The lease has an escalation provision starting 10/1/2022 at $1254.00 and rising to as much as $1783.31 in final year of contract term. It also contains a 5 year option. Included in the store's rent is half basement for supplies, etc. The other half of Basement is accessible from Room 1 on 1st floor. Stability of income is focus. Tax Records In Delaware County Public Access shows '"LIVING AREA" as 3040 Square foot Between Basement and 2 above grade floors. Property is vacant to allow new owner selection. The property price can be reduced to consider costs of upgrade and renovations final price agreed will be based on property sold "as is" with U&O paid for and obtained by new buyer. Its repeated U&O (AKA Conditional Resale Certificate) and U&O required Repairs are to be paid by Buyer All measurements indicated are approximate. This is Go and Show. Use Type In Delaware County Public Access shows: 086-Support Area.. Improvement Name is : Chester Pike Mini Market. In close there has been significant inquiries for apartments. This change in strategy of sale is to make the income approach more stable. This has potential of very good cash flow. The building as you can see in previous mls listings is Brick and siding. Store owner did the lower level paint job to gain attention.

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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 Kiliszek Real Estate Experts | Keller Williams Midtown Direct. 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: 2023-02-08T16:52:04.443.
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100 Chester DARBY, PA 19023

  • Price: $182,000
  • Status: Pending
  • On Site: 151 Days
  • Updated: 63 min ago
  • MLS #: PADE2033100
0
Beds
0
Baths
0
½ Baths
0.02
Acres
3,060
SQFT
$59
$/SQFT
1920
Built
Neighborhood:
Collingdale Boro (10411)
County:
Delaware
Area:
Collingdale Boro (10411)
School District:
Southeast Delco
Property Description
Purchase Price suggested based on income but is negotiable. Though Property is zoned Triplex probable best use is a duplex. Owner will offer a second of up to 30K at 3% on a 10 year term. It is believed if you change to a duplex on record you will not be able to change back if you choose to change to triplex. As present mix use duplex may qualify for better financing check with a mortgage professional. It could be a Triplex i.e. a Store and 2 smaller apartments or to a duplex. All info is deemed accurate but as you know if you have a question you consult Code enforcement. The store is on a 10 year graduated lease r with an end of lease extension option. As an Income producing property and 1 large Apartment it has greater stability of income then as a store and 5 independently rented Rooms. Rooms for rent do not provide the stability or permitted. Apartments in this area in demand due to proximity of schools and major employment areas on industrual highway. The 1st Floor store is on a multi year lease with a table of yearly rent escalations. Property rental permits up to date for a 3 Unit Building. A single large unit could be created by refurbishing and expanding the Kitchen Area. It could be completed by creating a Living Room/ Kitchen combo area. There is a 1 Pc Bath on the 1st floor needs remodeling and design. Space there to do it. The second floor has 4 Rooms and full bath rooms of varying sizes and could be 1 room as work area and 3 Bedrooms or rooms could be designated as new owner desires. There is a full bath on second floor. Probably with some creativity and expense could be 3 units. As a triplex i I could see Rooms marked 2&3 and Rooms 4&5 be 2 separate units offered in combination with shared use of Kitchen and 2nd Floor Bath. Room 1 a room on 1st floor could be living area granted on an alternate weekly basis. Created 3 Bedroom Unit making property a duplex could rent for about $1500 per month and maybe another $35 per month for laundry area created on 1st floor. Roughly as a triplex in place $1254 for store & possibly $850 each for other 2 units and $70 for laundry use. $3024 per month. As a duplex in a proposed design you would have a combo LR/Kitchen/Dining Room Arrea on 1st floor and upstairs you could have a work area plus 3 additional Bedrooms 2 of which are extra size bedrooms and 1 smaller bedroom. and a 4 pc bathroom. Store occupies 1st floor. The storefront is equal to 12+ Foot . Property is free standing. Offstreet Parking. Store is occupied with lease ending 10/31/2031. The lease has an escalation provision starting 10/1/2022 at $1254.00 and rising to as much as $1783.31 in final year of contract term. It also contains a 5 year option. Included in the store's rent is half basement for supplies, etc. The other half of Basement is accessible from Room 1 on 1st floor. Stability of income is focus. Tax Records In Delaware County Public Access shows '"LIVING AREA" as 3040 Square foot Between Basement and 2 above grade floors. Property is vacant to allow new owner selection. The property price can be reduced to consider costs of upgrade and renovations final price agreed will be based on property sold "as is" with U&O paid for and obtained by new buyer. Its repeated U&O (AKA Conditional Resale Certificate) and U&O required Repairs are to be paid by Buyer All measurements indicated are approximate. This is Go and Show. Use Type In Delaware County Public Access shows: 086-Support Area.. Improvement Name is : Chester Pike Mini Market. In close there has been significant inquiries for apartments. This change in strategy of sale is to make the income approach more stable. This has potential of very good cash flow. The building as you can see in previous mls listings is Brick and siding. Store owner did the lower level paint job to gain attention.
Exterior Features

Architectural Style Other Construction Materials Stucco Exterior Features Play Area Garage YN No Location Type Urban Other Structures Above GradeBelow Grade Parking Types None Pool No Pool Property Condition Average Riparian Rights YN No Road Surface Type Us Highway/Interstate Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2040 Basement Combination Basement YN Yes Below Grade Finished Area 1020 Below Grade Unfinished Area 0 Cooling None Exclusions Tenant Owned Personal Possessions Fireplace YN No Fireplaces Total 0 Flooring Tile/Brick Heating Baseboard - Electric Heating YN Yes Interior Features Store/Office Rooms Total 7 Single Room Units 2 Spa YN No Three Bedroom Units 1 Two Bedroom Units 0

Property Features

Acceptable Financing CashOtherBank Portfolio Accessibility Features None Assessment Year 2022 Central Air YN No Cooling Fuel None Cross Street Pine Existing Lease Type Long Term Foundation Details Concrete Perimeter Gross Income 36000.00 Heating Fuel Electric Historic YN No Hot Water Electric Insurance Expense 1800.00 Maintenance Expense 0.00 Municipality Collingdale Boro Navigable Water YN N Net Operating Income 24120.00 New Construction YN No Number Of Units Leased 2 Number Of Units Total 1 Number Of Units Vacant 1 Operating Expense 11880.00 Operating Expense Includes InsuranceTrashSnow Removal Original MLSNumber 801846064438 Other Expense 9230.00 Owner Pays Other Ownership Interest Fee Simple Pool Expense 0.00 Possession 61-90 Days Cd Property Sub Type Duplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 9020.00 Tax Assessment Amount 212700.00 Tax Lot 415-000 Total Actual Rent 36000.00 Transportation Bus Stop Less Than 1 MileAirport Less Than 10 MilesCommuter Lots Less Than 5 Miles Trash Expense 500.00 Utilities Water AvailableSewer AvailableNatural Gas Available Vacation Rental YN No Water Source Public Year Built Effective 2011 Zoning C Zoning Description Commercial Store Plus 1-2 Rental Units

Listing courtesy of Long & Foster Real Estate, Inc.: .


©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 Kiliszek Real Estate Experts | Keller Williams Midtown Direct. 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: 2023-02-08T16:52:04.443.
 
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