432 East Baltimore Avenue

Media, PA 19063

$999,900
Last Sold Price
Beds
4,800 Sq. Ft.
$208 / Sq. Ft.
4,800
Sq. Ft.
$208
per Sq. Ft.

Description

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...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.
  1. Listed by Michael P Gennett • Keller Williams Real Estate - Media
    P: 6105806365 michaelpgennett@gmail.com

Property Details for 432 East Baltimore Avenue

Tax ID Number
26-00-00015-00
Ownership
Fee Simple
HOA
No
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No
Subdivision
MEDIA

Location

Listing Courtesy of Keller Williams Real Estate - Media

Sold By Carr Real Estate Company

Add your commute
LISTING UPDATED: 08/25/2022 08:19 AM

Property Details for 432 East Baltimore Avenue

StatusClosed
MLS #PADE542360
Days on Market106
Taxes$17,563 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2018
Lot Size0.14 AC / 6,050 SF
CountyDelaware County

Location

Listing Courtesy of Keller Williams Real Estate - Media

Sold By Carr Real Estate Company

Add your commute

Virtual Tour

Building Information for 432 East Baltimore Avenue

Stories-Residences4Year Built2018Building Size-Lot Size0.14 AC / 6,050 SF

Payment Calculator

$6,920 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$1,464

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 432 East Baltimore Avenue

Location
Location
  • School District Name: ROSE TREE MEDIA
  • School District County ID: 300200397360
  • SchoolDistrictSource: Listing Agent
  • High School: PENNCREST (DELAWARE PA)
  • HighSchoolSource: Listing Agent
  • County: DELAWARE
  • MLS Area: Media Boro (10426)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Type of Condo
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $902,850
  • Year Assessed: 2021
  • County Tax: $2,708
  • Improvement Assessed Value: $811,920
  • City Town Tax: $1,273
  • Land Assessed Value: $90,930
  • Clean Green Assessed: No
  • Land Use Code: R-10
  • Zoning: HBO
  • Zoning Dscrp: Highway Business Office
  • Tax Lot: 297-000
  • School Tax: $861
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 0
  • Units Leased Count: 4
  • Vacancy Allowance Rate: 5.00%
Financial Information
Expenses
  • Operating Expense Includes: Insurance, Trash, Snow Removal
Financial Information
  • Gross Income: $105,600
  • Gross Scheduled Income: $105,600
  • Net Operating Income: $75,767
  • Annual Rental Income: $105,600
  • Income Includes: Apartment Rentals, Professional Offices
  • Cap Rate: 7.00
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 55.00 x 110.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Level
  • Location Type: Suburban
  • Parcel ID: 504066
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 6
  • Parking Features: Handicap Parking, Lighted Parking, Private
Interior Features
Interior Features
  • Interior Features: Breakfast Area, Carpet, Ceiling Fan(s), Kitchen - Gourmet
  • Fireplace: No
  • Fireplaces Count: 0
  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Accessibility Features: Level Entry - Main
  • Door Features: French
  • Window Features: Double Hung, Double Pane, Energy Efficient, Insulated, Screens
Exterior Features
Exterior Features
  • Exterior Features: Exterior Lighting, Gutter System, Sidewalks, Street Lights
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air, Heat Pump - Electric BackUp, Programmable Thermostat
  • Heating Fuel: Natural Gas
  • Hot Water: Electric, Multi-tank
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service

Property History for 432 East Baltimore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 432 East Baltimore Avenue

Taxable ValueLand$90,930Additions$636,997Total$727,927
Tax Record2023$14,153 ($1,179 / month)
Home Facts
Beds8Total Finished SqFt4,142 SqFtAbove Grade Finished SqFt4,142 SqFtStories2Lot Size5,981 SqFtStyleSingle Family ResidenceYear Built2018CountyDELAWAREAPN26-00-00015-00

Schools near 432 East Baltimore Avenue

This home is within Rose Tree Media School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Media El School
PublicK to 5

Springton Lake Middle School
Public6 to 8

Penncrest High School
Public9 to 12

Nativity Bvm School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Keller Williams Real Estate - Media

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.