1604-1614 MACDADE BLVD Folsom, PA 19033

Excellent investment opportunity. Currently 90% occupied. Offers CAP rate of 10% and offers NOI of $71,550 annually. Properties feature 5 apartments (4-one bedroom units and 1-two bedroom unit) and 5 store fronts. Off-street parking available. NO owner financing available. Property requires 48 hours notice for showings. The property is located in the heart of Ridley Township and less than 10 miles from both Center City and the PA-DE border. The property is also convenient located near major transportation arteries I-476 and I-95 as well as public transportation. This is being sold as a package only and consists of 2 folio numbers: 38-03-01091-00 and 38-03-01092-00 and the address is: 1604-1606-1608 and 1614 MacDade Boulevard. Units 1604-06-08 features 2-store fronts and 2 (one bedroom) apartmenst as well as a full basement with individual heaters and h/w heaters for each apartment. Each store front has their own portable gas heater inside the store. Unit 1614 features
3 -store fronts and 3 apartments (2-one bedroom and 1-two bedroom). Each unit has electric basement heat which is paid by tenants. All units have separate electric meters and landlord pays common electric on two hot water heaters in basement and common building electric.