Perri Ann Evanson
BHHS Fox & Roach-Media
(484) 435-3149
91 Total Sales
3 in Media
$457K - $675K Price Range
Estimated Value: $1,147,967 - $1,521,000
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.
Last Agent to Sell the Property
(610) 565-1995 klrw709@kw.com Keller Williams Real Estate - Media License #BK3104005 Listed on: 03/29/2021
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Perri Ann Evanson
BHHS Fox & Roach-Media
(484) 435-3149
91 Total Sales
3 in Media
$457K - $675K Price Range
Shannon Diiorio
Compass RE
(484) 922-8462
105 Total Sales
1 in Media
$335,000 Price
Heidi Foggo
Compass RE
(484) 922-9878
196 Total Sales
8 in Media
$319K - $1.4M Price Range
Susan Ellis
BHHS Fox & Roach-Rosemont
(484) 922-8684
22 Total Sales
3 in Media
$383K - $910K Price Range
Gary Scheivert
BHHS Fox & Roach-Media
(484) 826-8947
122 Total Sales
5 in Media
$158K - $1M Price Range
Maria Doyle
Compass RE
(484) 592-6091
141 Total Sales
1 in Media
$732,175 Price
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $700,000 | Surety Abstract Services | ||
| $999,900 | Surety Abstract Services Llc | ||
| $785,000 | Dv Abstract Llc | ||
| $185,000 | None Available | ||
| $90,000 | None Available | ||
| -- | None Available |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,104,000 | ||
| Previous Owner | $628,000 | ||
| Previous Owner | $15,000 | ||
| Previous Owner | $180,000 | ||
| Previous Owner | $160,000 | ||
| Previous Owner | $120,000 | ||
| Previous Owner | $95,000 | ||
| Previous Owner | $65,000 |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/19/2021 07/19/21 | Sold | $999,900 | -4.8% | $208 / Sq Ft |
| 07/09/2021 07/09/21 | Pending | -- | -- | -- |
| 06/23/2021 06/23/21 | Price Changed | $1,050,000 | -8.7% | $219 / Sq Ft |
| 03/29/2021 03/29/21 | For Sale | $1,150,000 | -- | $240 / Sq Ft |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $15,880 | $727,927 | $90,930 | $636,997 |
| 2025 | $14,794 | $727,927 | $90,930 | $636,997 |
| 2024 | $14,794 | $727,927 | $90,930 | $636,997 |
| 2023 | $14,299 | $727,927 | $90,930 | $636,997 |
| 2022 | $17,121 | $902,850 | $90,930 | $811,920 |
| 2021 | $28,300 | $902,850 | $90,930 | $811,920 |
| 2020 | $1,138 | $32,780 | $32,780 | $0 |
| 2019 | $1,119 | $32,780 | $32,780 | $0 |
| 2018 | $1,105 | $32,780 | $0 | $0 |
| 2017 | $1,081 | $32,780 | $0 | $0 |
| 2016 | $180 | $32,780 | $0 | $0 |
| 2015 | $184 | $32,780 | $0 | $0 |
| 2014 | $184 | $32,780 | $0 | $0 |
Seller's Agent in 2021
Michael Gennett
Keller Williams Real Estate - Media
(610) 580-6365
21 Total Sales
Buyer's Agent in 2021
Chris Napoli
Carr Real Estate Company
(610) 465-1550
87 Total Sales
Source: Bright MLS
MLS Number: PADE542360
APN: 26-00-00015-00
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