$500,000
$500,000
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1,825 SqFt
SOLD DATE : 02/25/2022
Key Details
Sold Price $500,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,825 sqft
Price per Sqft $273
MLS Listing ID PADE2007478
Sold Date 02/25/22
Style Traditional
Abv Grd Liv Area 1,825
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $10,985
Tax Year 2021
Lot Size 0.317 Acres
Acres 0.32
Lot Dimensions 52.00 x 275.00
Property Description
9% Cap rate on this 2 unit property in Swarthmore. Buy for cash flow today. This unique property offers a 4 bedroom 2 bathroom home with a detached oversized garage with storage and a 2 bedroom one bath apartment above. Step through the front door to the cozy living room with gorgeous hardwoods, and dual archways leading to the dining room. Hardwoods continue through the dining room and into the newly remodeled kitchen which features granite countertops, stainless steel appliances including a gas range, and new white cabinets. Behind the kitchen is the spacious sunroom with dual ceiling fans and new flooring as well as a newly renovated full bathroom, and access to the side deck. On the second floor you will find the main and second bedroom both with hardwood floors, ceiling fans, and beautiful views of the front and back yards respectfully. Another full bathroom completes the second floor. On the third floor are two additional bedrooms. At the rear of the yard sits the detached two car garage with two bedroom apartment above. Before entering the completely updated turn key apartment, stairs lead to a new, expansive, and maintenance free deck with a wooded view. 2 Bedroom apartment and garages are rented for 1950 per month and the house is rented for 2800 per month. 4,750 per month in total rental income per month, low expenses and a 9% cap rate.
Location
State PA
County Delaware
Area Swarthmore Boro (10443)
Zoning R
Rooms
Basement Full
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Parking Features Garage - Front Entry
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage Y
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Wallingford-Swarthmore
Others
Tax ID 43-00-01004-00
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Hua Jiang • Canaan Realty Investment Group
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Agent | License ID: 0787303
129 CHESTER AVE., MOORESTOWN, Jersey, 08057, United States