$1,300,000
$1,300,000
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11 E MERCER AVE Havertown, PA 19083
6,318 SqFt
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,318 sqft
Price per Sqft $205
Subdivision Llanerch
MLS Listing ID PADE2003090
Sold Date 01/04/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1740
Annual Tax Amount $10,319
Tax Year 2021
Lot Size 0.517 Acres
Acres 0.52
Lot Dimensions 150.00 x 150.00
Property Description
Nine Unit Apartment Building in the Llanerch Neighborhood of Haverford Township. Convenient location close to Chatham Park Elementary School, public transportation, Haverford YMCA, Skatium, Pennsy Trail, Grange Playground / Park, Karakung hiking trails, Haverford Township Library, Chatham Glen Park & many other Township Parks that offer: softball and baseball fields, playground equipment, tennis courts, basketball courts, barbecue and nature areas. Numerous Recreation & Park Programs for everyone. Short distance to Brookline Boulevard that offers many many restaurants, shops and local attractions. Easy access to routes 1, 3 & 476 and less than 30 minutes to Center City, Valley Forge, King of Prussia & the Philadelphia International Airport.
The Original Building was constructed in 1740, the Center of Building added in 1860 & Rear Addition in 1920. Situated on a large level 150 x 150 lot with detached two car garage / new roofs on building in June, 2021 / new garage siding, capping & overhead doors July, 2021
9 Units consists of 2 Studios, 5 one bedroom and 2 two bedrooms apartments:
1A - 2 Bedroom $1375 month - about 950 sq ft / 5 rooms
1B - Studio $ 795 month - about 200 sq ft / 2 rooms
1C - 1 Bedroom - $1050 month - about 700 sq ft / 4 rooms
1D - Studio - $ 975 month - about 375 sq ft / 3 rooms
2A - 1 Bedroom - $1125 month - about 675 sq ft / 4 rooms
2B - 1 Bedroom - $ 925 month - about 475 sq ft / 4 rooms
2C - 1 Bedroom - $ 965 month - about 500 sq ft / 4 rooms
2D - 1 Bedroom - $1150 month - about 690 sq ft / 4 rooms
3A - 2 Bedroom - $1380 month - about 950 sq ft / 5 rooms
All leases are available and can be provided upon request.
1 garage - rented at $120 month
1 garage - owner uses / potential for $120 per month
Plus Laundry Income $125 month
Total Income: $10,105.00 month / 121,260.00 year
Owner Expenses: PECO $320 month / AQUA $179 month / Trash $106 month / Lawn & Snow $160 month / Insurance $443 month / Taxes $843 month / Township rental license $45 month / Maintenance $310 month.
Total expenses: $2406.00 month / $28,872.00 year.
There are separate electric panels and gas meters for each unit.
Heat is common and the heater (gas) was replaced in 2015.
Water is common and there are 2 newer gas hot water heaters in 2018 & 2019.
There are 9 separate storage areas in basement level for tenants and additional storage for the owner.
This attractive building has been well maintained and family owned for 35 years. This great income producing and prestigious property is a rare find in today's marketplace and a smart addition any investor's portfolio. This property offers strong cash flow with excellent tenants in place creating a value-add opportunity for a savvy real estate investor.
Location
State PA
County Delaware
Area Haverford Twp (10422)
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas
Heating Radiator, Hot Water
Cooling Window Unit(s)
Flooring Hardwood
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Utilities Available Cable TV
Water Access N
Roof Type Architectural Shingle,Pitched
Street Surface Paved
Accessibility None
Total Parking Spaces 4
Garage N
Building
Lot Description Front Yard, Level, Rear Yard, SideYard(s)
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Chatham Park
Middle Schools Haverford
High Schools Haverford Senior
School District Haverford Township
Others
Tax ID 22-02-00830-00
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with John F McAleer • Keller Williams Main Line