Spring City, PA 19475,337 WALNUT ST
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Spring City, PA 19475,337 WALNUT ST
Spring City, PA 19475,337 WALNUT ST
Spring City, PA 19475,337 WALNUT ST
Spring City, PA 19475,337 WALNUT ST

$435,000

Est. payment /mo

$489,900

11.2%
Est.Price: ?

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337 WALNUT ST Spring City, PA 19475

8,421 SqFt

SOLD DATE : 12/29/2021

Key Details

Sold Price $435,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 8,421 sqft

Price per Sqft $51

MLS Listing ID PACT2010174

Sold Date 12/29/21

HOA Y/N N

Originating Board BRIGHT

Year Built 1959

Annual Tax Amount $7,972

Tax Year 2021

Lot Size 0.282 Acres

Acres 0.28

Lot Dimensions 0.00 x 0.00

Property Description

Lets 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 Tims 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 1980s. The largest unit was renovated in the early 2000s 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.

Location

State PA

County Chester

Area Spring City Boro (10314)

Zoning R2

Interior

Hot Water Natural Gas, Electric

Heating Forced Air, Baseboard - Electric

Cooling None

Flooring Hardwood, Carpet, Vinyl, Ceramic Tile

Heat Source Oil, Electric, Natural Gas

Exterior

Garage Spaces 12.0

Utilities Available Natural Gas Available, Cable TV Available

Water Access N

Roof Type Pitched,Metal

Accessibility None

Total Parking Spaces 12

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Spring-Ford Area

Others

Tax ID 14-06 -0079

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Bank Portfolio, Cash

Listing Terms Conventional, Bank Portfolio, Cash

Financing Conventional,Bank Portfolio,Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Andrea L Heskett • Chris James Hector Realty
Bought with Enjamuri N Swamy • Realty Mark Cityscape-Huntingdon Valley

Megan DiGennaro

Agent | License ID: 0225263911

+1(540) 621-5783

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