432 E BALTIMORE AVENUE, MEDIA, PA
Outstanding Cash Flow Positive, 4 year New, Quadplex featuring 2 Mixed Use Professional/Retail units and 2 Residential 2 story Rentals in the heart of Media PA with rare private parking lot. This great HBO (Highway Business Office) zoned property features Two Professional/Retail Office Suites with Main Office/Storefront, Bathroom, Extra very large Office/Exam/Storage/Production Room and Kitchenette area . Both Suites are level, ground floor accessible, from large private parking lot. Suites feature tons of windows and French Balcony doors. Tremendous traffic count both pedestrian and vehicle. This incredible building also includes Two Residential Rental Units. Both units are 2 story, 2 bedroom, 2 full bath with private entrances as well as tons of closet space, laundry closets with full size appliances. The residential units feature granite countertops, custom premier wood cabinetry, all stainless appliances, granite breakfast bar, ceramic tile flooring, ceiling fans, central air. All units feature an abundance of overhead hi-hat lighting. Hardwired smoke detectors. Entire building was brand new build in 2018. This is one of the biggest, newest, nicest, commercial and apartment building combinations that you will find in Media without having to build a brand new one yourself. Walkability score is off the charts as Wawa is directly across the street as well as other amenities abounding in every direction. Building is easy accessible on foot or by car. Public transportation is one block walk which is perfect for tenants as well as office professionals and their clients. All units are move-in, Turn Key ready condition ready and waiting for installation of tenants of their choice by the new investor owner. Most recent rents have been $1,850 a month for the residential units and $2,800 a month for the Suites. The two suites consist of main office/retail area of 19 x 24, second room of 10 x 15, Bathroom of 7x7. Professional spaces and bath are accessible compliant from parking lot through office and bath and feature Kitchenette sink area. Abundant street and sidewalk traffic and maximum visibility. Lots of windows plus french balcony doors. 2 story Residential units feature 1st level with 29x17 living/dining/Kitchen area, full bath with tub, 12x12 bedroom, full walk in closet, hall closet, laundry closet with full size washer & dryer. 2nd level features 19x26 master suite with full shower bath, walk in closet. Both residential feature Tons of windows plus french balcony doors for air and lighting, Enter the 6 + car private rear parking lot with access from Worrell St off of Vernon . Parking lot has dedicated accessible spot closest to building. Enter the building from rear parking lot which provides seamless and level accessibility from parking into the ground floor professional/commercial suites including all rooms and bathrooms in those suite. Also access commercial/professional suites from directly from steps from sidewalk on Baltimore Ave. Residential units are accessed from rear lot as well. HBO zone allows many uses and the detailed list is attached to listing along with pro forma. Do not miss your chance on this fantastic opportunity! Being only 4 years old operating costs and maintenance are very low . Cap rate is generous at 7% at the list price. Great income producing and prestigious property. Location is key with trolley service to city one block away, Routes 1 and 476 less than 2 minutes drive. Rare opportunity for a almost brand new income producing property in heart of Media, the county seat of Delaware County. All units are move-in, have separate utilities and central air and are in complete clean and Turn Key ready condition ready and waiting for installation of tenants by the new investor owner.
|Property Subtype||Single Family Detached|
|Cooling Systems||central a/c|
|Exterior Types||vinyl siding|
|Parking Types||special needs|
|School District||ROSE TREE MEDIA|
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