Address
337 Walnut Street Spring City, PA
Price
$ 489,900
Property Attributes
  • MLS#PACT2010174
  • TypePending
  • CountyCHESTER
  • CitySpring City
  • AreaSpring City Boro
  • Zip19475
  • StyleApartment Building
  • Year Built1959
  • Taxes$ 7972
  • Price$ 489,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8421
  • Lot Size12,197 SqFt
Listing Provided Courtesy Of:
Chris James Hector Realty
Data Source:
Bright MLS - 382 - MD
Property Description

Let’s talk about the POTENTIAL! Brand new metal roof installed in fall of 2021. This 6 unit apartment building is a project but has incredible potential for great cash flow. Originally home to the Spring City Trolly then home to Tim’s Boat Shop. 5 of the 6 residential apartments are occupied by long term tenants ( under market rents). 1 car oversized garage presently used by a tenant. The huge shops space is to be used by the owner and offers great opportunity for apartment expansions on the second level. 5 units offer 2 bedrooms, 1 unit has 1 bedroom. 3 of the apartments have dated cosmetic interiors and need improvement. These three units have landlord paid oil heating and hot water. Two unit renovated by the previous owner in the 1980’s. The largest unit was renovated in the early 2000’s and includes 2 bedrooms with loft, 1.5 bath, central air, gas heat and in unit laundry. The building also includes a coin operated laundry room and plenty of parking space for all the tenants. Present cash flow is very low but with renovations, market rents and utility changes the cash flow could be great. Property being sold as-is. Buyer responsible for Use and Occupancy.

Price History
11/3/2021 Listed $489,900

General Features

Acceptable Financing Conventional, Bank Portfolio, Cash
Accessibility None
Business Type Apartment Building
Construction Materials Masonry, Mixed Plumbing
Cool Fuel Electric
Cooling None
County CHESTER
Days on Market 6
Electric Circuit Breakers
Electric Expense 1700.00
Exclusions Tenants Personal Property
Flooring Hardwood, Carpet, Vinyl, Ceramic Tile
Heating Forced Air, Baseboard - Electric
Historic Y/N No
Lot Size Square Feet 12280.00
MLS Area Spring City Boro (10314)
Municipality SPRING CITY BORO
New Construction No
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 58.18
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Below Average
Roof Pitched, Metal
Sewer Public Sewer
Tax Annual Amount 7972.0
Tax Year 2021
Total Units 6
Trash Expense 3281.00
Utilities Natural Gas Available, Cable TV Available
Vacation Rental Y/N No
Water Access Y/N No
Zoning R2
Zoning Description Residential

Interior Features

Central Air Y/N No
Heating Fuel Oil, Electric, Natural Gas
Heating Y/N Yes
Hot Water Natural Gas, Electric
Total Restrooms 7

Exterior Features

Building Area Total 8421.00
Car Parking Spaces 12
Inclusions Coin Op, Washer and Dryer.
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.28
Lot Size Source Assessor
Navigable Water Y/N No
Parking Features Lighted Parking, Private
Total Parking Spaces 12
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 19475

Price
AVG $610K
$490K
Taxes
AVG $7,886
$7,972
Visits
AVG 524
6
Year Built
AVG 1966
1959

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