Ridley Park, PA 19078,103 E RIDLEY AVE
Ridley Park, PA 19078,103 E RIDLEY AVE
Ridley Park, PA 19078,103 E RIDLEY AVE
$255,000
Est. payment /mo
$250,000
2.0%
Est.Price: ?

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3,000 SqFt
SOLD DATE : 05/12/2021

Key Details

Sold Price $255,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $85

MLS Listing ID PADE537676

Sold Date 05/12/21

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $12,173

Tax Year 2021

Lot Size 0.527 Acres

Acres 0.53

Lot Dimensions 170.00 x 135.00

Property Description

WOW!!! $150,000 PRICE REDUCTION--what an investment opportunity with excellent location, visibility and accessibility! Situated on a large, level lot, directly across the street from the Ridley Park Train Station and walking distance to Ridley Park town center, this multi-unit rental offers a myriad of cash producing options! Currently a medical office on the first floor with two recently renovated residential apartments upstairs, this property could offer the right owner the option to operate their business downstairs while living in or renting out the upstairs to subsidize overhead. The large parking lot offers extensive parking for tenants or clients, and the train station steps away offers a straight shot commute to center city Philadelphia. The medical office on the main floor comes equipped with central ac and heat, and has a lobby when you walk in, along with a large waiting area off to the left. Proceed back past the reception desk to a spacious private office with access to two separate exam rooms. As you continue down the hallway you will find another waiting area, four more exam rooms, three half baths, and a full kitchen with exit to the parking lot. The 2nd floor apartment is a 2 bed/1 bath with a separate large family room and could rent for $1200-$1400. The third floor apartment 1 bed/1 bath and could rent for $800-$1000. With a bit of work, they could probably fetch even more. Lastly, there is a full unfinished basement for storage with access from the rear of the property via bilco doors. With train access to Philadelphia across the street, and walking distance to Ridley Park downtown, the living/rental possibilities are extensive! Schedule a showing today before it gets snatched up! Currently zoned R-1 for a single family house. Prior approved non-conforming use was deemed "abandoned" by borough. Could potentially be reinstated with an appeal to zoning board. Property is being sold "As-Is, Where Is". Buyer responsible for all U&O related repairs.

Location

State PA

County Delaware

Area Ridley Park Boro (10437)

Zoning R-1

Interior

Hot Water Electric, Natural Gas

Heating Baseboard - Electric, Baseboard - Hot Water, Central

Cooling Central A/C

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 10.0

Waterfront N

Water Access N

Accessibility None

Parking Type Driveway, On Street, Parking Lot

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Ridley

Others

Tax ID 37-00-01755-00

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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Bright MLS (BMLS)
Listed by Sebastian Benedict Brevart • RE/MAX Hometown Realtors
Bought with Patti A Morrisette • Long & Foster Real Estate, Inc.

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Danielle Wateridge

Team Lead & Agent | License ID: 0225208883

+1(703) 639-8869

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