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1100 LINCOLN AVE Prospect Park, PA 19076
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Key Details
Sold Price $714,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,480 sqft
Price per Sqft $110
MLS Listing ID PADE544824
Sold Date 06/29/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $15,118
Tax Year 2020
Lot Size 2,675 Sqft
Acres 0.06
Lot Dimensions 25 X 107
Property Description
Three-story, mixed use commercial property conveniently located in the heart of Prospect Park. This attractive brick building has been well maintained and family owned for 35 years. The first floor consists of three separate commercial spaces that are occupied by longstanding businesses in the community. The second and third floors are made up of six residential apartment units that are fully rented with clean and modern common spaces. The lower level has a laundry area for tenants, a separate boiler room and a large basement storage space. This property offers strong cashflow, low maintenance and the current owners have made many cosmetic and system upgrades. The long-term tenants in place create a value-add opportunity for a savvy real estate investor. Easy access to major highways and Philadelphia, steps from the Septa station and walking distance to daily conveniences. A rare find in today's marketplace and a smart addition any investor's portfolio.
Location
State PA
County Delaware
Area Prospect Park Boro (10433)
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Hot Water
Cooling Wall Unit
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Interboro
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with C. Joseph Darrah • Keller Williams Philadelphia