Skip To Content

11 E Mercer Avenue

HAVERTOWN, PA 19083
  • $1,400,000
  • STATUS: Active
  • ON SITE: 88 Days
  • ID#: PADE2003090
UPDATED: 61 min ago
$1,400,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1740
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Nine Unit Apartment Building in the Llanerch Neighborhood of Haverford Township. +-Convenient location close to Chatham Park Elementary School, public transportation, Haverford YMCA, Skatium, Pennsy Trail, Grange Playground / Park, Karakung hiking trails, Haverford Township Library, Chatham Glen Park & many other Township Parks that offer: softball and baseball fields, playground equipment, tennis courts, basketball courts, barbecue and nature areas. Numerous Recreation & Park Programs for everyone. Short distance to Brookline Boulevard that offers many many restaurants, shops and local attractions. Easy access to routes 1, 3 & 476 and less than 30 minutes to Center City, Valley Forge, King of Prussia & the Philadelphia International Airport.The Original Building was constructed in 1740, the Center of Building added in 1860 & Rear Addition in 1920. +-Situated on a large level 150 x 150 lot with detached two car garage / new roofs on building in June, 2021 / new garage siding, capping & overhead doors July, 20219 Units consists of 2 Studios, 5 one bedroom and 2 two bedrooms apartments:1A - 2 Bedroom $1375 month - about 950 sq ft / 5 rooms1B - +-Studio $ 795 month - about 200 sq ft / 2 rooms1C - 1 Bedroom - $1050 month - about 700 sq ft / 4 rooms1D - +-Studio - $ 975 month - about 375 sq ft / 3 rooms2A - 1 Bedroom - $1125 month - about 675 sq ft / 4 rooms2B - 1 Bedroom - $ 925 month - about 475 sq ft / 4 rooms2C - 1 Bedroom - $ 965 month - about 500 sq ft / 4 rooms2D - 1 Bedroom - $1150 month - about 690 sq ft / 4 rooms 3A - 2 Bedroom - $1380 month - about 950 sq ft / 5 roomsAll leases are available and can be provided upon request.1 garage - rented at $120 month1 garage - owner uses / potential for $120 per monthPlus Laundry Income $125 monthTotal Income: $10,105.00 month / 121,260.00 yearOwner Expenses: Peco $320 month / Aqua $179 month / Trash $106 month / Lawn & Snow $160 month / Insurance $443 month / Taxes $843 month / Township rental license $45 month / Maintenance $310 month. Total expenses: $2406.00 +-month / $28,872.00 year. There are separate electric panels and gas meters for each unit.Heat is common and the heater (gas) was replaced in 2015.Water is common and there are 2 newer gas hot water heaters.There are 9 separate storage areas in basement level for tenants and additional storage for the owner. This attractive +-building has been well maintained and family owned for 35 years. +-This great income producing and prestigious property is a rare find in today's marketplace and a smart addition any investor's portfolio. This property offers strong cash flow with excellent tenants in place creating a value-add opportunity for a savvy real estate investor.

Monthly Payment Calculator



©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Sail Lake Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-10-23T06:58:01.737.
www.saillakerealty.com/homes/119710010
Print Image

11 E Mercer Avenue HAVERTOWN, PA 19083

  • Price: $1,400,000
  • Status: Active
  • Updated: 61 min ago
  • ID#: PADE2003090
0
Beds
0
Baths
0
½ Baths
0.52
Acres
1740
Built
Neighborhood:
Llanerch
County:
Delaware
Area:
Haverford Twp (10422)
Elementary School:
Chatham Park
Middle School:
Haverford
High School:
Haverford Senior
School District:
Haverford Township
Property Description
Nine Unit Apartment Building in the Llanerch Neighborhood of Haverford Township. +-Convenient location close to Chatham Park Elementary School, public transportation, Haverford YMCA, Skatium, Pennsy Trail, Grange Playground / Park, Karakung hiking trails, Haverford Township Library, Chatham Glen Park & many other Township Parks that offer: softball and baseball fields, playground equipment, tennis courts, basketball courts, barbecue and nature areas. Numerous Recreation & Park Programs for everyone. Short distance to Brookline Boulevard that offers many many restaurants, shops and local attractions. Easy access to routes 1, 3 & 476 and less than 30 minutes to Center City, Valley Forge, King of Prussia & the Philadelphia International Airport.The Original Building was constructed in 1740, the Center of Building added in 1860 & Rear Addition in 1920. +-Situated on a large level 150 x 150 lot with detached two car garage / new roofs on building in June, 2021 / new garage siding, capping & overhead doors July, 20219 Units consists of 2 Studios, 5 one bedroom and 2 two bedrooms apartments:1A - 2 Bedroom $1375 month - about 950 sq ft / 5 rooms1B - +-Studio $ 795 month - about 200 sq ft / 2 rooms1C - 1 Bedroom - $1050 month - about 700 sq ft / 4 rooms1D - +-Studio - $ 975 month - about 375 sq ft / 3 rooms2A - 1 Bedroom - $1125 month - about 675 sq ft / 4 rooms2B - 1 Bedroom - $ 925 month - about 475 sq ft / 4 rooms2C - 1 Bedroom - $ 965 month - about 500 sq ft / 4 rooms2D - 1 Bedroom - $1150 month - about 690 sq ft / 4 rooms 3A - 2 Bedroom - $1380 month - about 950 sq ft / 5 roomsAll leases are available and can be provided upon request.1 garage - rented at $120 month1 garage - owner uses / potential for $120 per monthPlus Laundry Income $125 monthTotal Income: $10,105.00 month / 121,260.00 yearOwner Expenses: Peco $320 month / Aqua $179 month / Trash $106 month / Lawn & Snow $160 month / Insurance $443 month / Taxes $843 month / Township rental license $45 month / Maintenance $310 month. Total expenses: $2406.00 +-month / $28,872.00 year. There are separate electric panels and gas meters for each unit.Heat is common and the heater (gas) was replaced in 2015.Water is common and there are 2 newer gas hot water heaters.There are 9 separate storage areas in basement level for tenants and additional storage for the owner. This attractive +-building has been well maintained and family owned for 35 years. +-This great income producing and prestigious property is a rare find in today's marketplace and a smart addition any investor's portfolio. This property offers strong cash flow with excellent tenants in place creating a value-add opportunity for a savvy real estate investor.
Exterior Features

Construction Materials Stone Garage YN No Location Type Suburban Lot Features Front YardLevelRear YardSideyard(S) Parking Features Paved ParkingPrivate Parking Types DrivewayOn Street Property Condition Good Riparian Rights YN No Road Surface Type Paved Roof Architectural ShinglePitched Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6318.00 Cooling Window Unit(S) Flooring Hardwood Heating RadiatorHot Water Heating YN Yes Net Square Feet 5390.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 28872.00 Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel Electric Cross Street Valley Road Electric Circuit Breakers100 Amp Service Foundation Details Stone Gross Income 120300.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 5316.00 Maintenance Expense 3720.00 Municipality Haverford Twp Navigable Water YN N Net Operating Income 91428.00 New Construction YN No Number Of Units Total 0 Operating Expense 2406.00 Operating Expense Includes Heating/CoolingInsuranceLandscapingRepair/MaintenanceSewerTrashWaterSnow RemovalElectric Original MLSNumber 800875071078 Owner Pays Common Area MaintenanceInsuranceLawn/Shrub CareHeatRepairsSewerSnow RemovalTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 10319.00 Tax Assessment Amount 422940.00 Tax Lot 461-000 Total Actual Rent 10025.00 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileCommuter Rail Station 1 To 5 Miles Trash Expense 1272.00 Utilities Cable Tv Vacation Rental YN No Water Source Public Zoning Residential Zoning Description 3 STORY HOUSE APARTMENTS GARAGE; 150 X 150

Listing courtesy of Keller Williams Main Line.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Sail Lake Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-10-23T06:58:01.737.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_800875071078-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_800875071078-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_800875071078-2.jpg
Logo
Sail Lake Realty
620 South White Horse Pike
Hammonton NJ, 08037