118-122 Erickson Ave - Apartments FOR SALE


Essington, PA 19029
$1,100,000 USD
484-802-5597
118-122 Erickson Ave, Essington, PA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/7
null | 6.69% Cap Rate

118-122 Erickson Ave
Essington, PA 19029


HIGHLIGHTS

  • Fully occupied property

OVERVIEW

Great opportunity for adding to your investment portfolio. This is a fully occupied 11 unit on 3 parcels in the Waterfront district in Essington. The addresses are 118-122 Erickson. One parcel has a triplex, one is a vacant lot and one has 2 Quads. There are 10 - 1 Unit apartments and 1 - 2 bedroom unit. All units have mini splits for a/c and heat. Close to the Philadelphia Airport and I95, this is a very convenient location in high demand. Some units have been updated and many units have long term tenants. Excellent chance for added value by updating or utilizing the vacant lot. 24 hour notice required for showings.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

11

PRICE/UNIT

$100,000

CAP RATE

6.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

W1

APN/PARCEL ID

45-00-00392-01

ASK ABOUT THIS PROPERTY

Nicole O'ReillyeXp Realty, LLCMore Info
484-802-5597

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Nicole O'ReillyeXp Realty, LLCMore Info
484-802-5597

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.