230 HOLMES ROAD
Property Description
This is a fantastic investment opportunity at 230 Holmes Ave. The property features two buildings: a vacant single-story storefront (25' wide by 55' deep) in the front, perfect for leasing or starting your own business, and a well-maintained two-story building in the rear with two one-bedroom apartments. The first-floor apartment rents for $1100/month, while the second-floor apartment rents for $1,050/month, providing stable income from long-term tenants. Each apartment includes a dedicated parking space at the back of the first building. The property shares an additional 8-space parking lot with the neighboring 234 Holmes Ave on a first-come, first-serve basis. The deeds for both properties allow 234 Holmes Ave (Neighboring property) to use the driveway on 230 Holmes Ave to access the parking lot, while 230 Holmes Ave has the right to share the parking lot on 234 Holmes Ave. Zoned Residential, It requires a variance application to the township for leasing the storefront to a business. The property is located just 11 minutes from Philadelphia Airport and 25 minutes from Center City, it's conveniently situated near shopping, restaurants, and public transportation.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $425,000 |
| Year Built: | 1953 |
| Lot Size: | 3,500.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FOXROACH-PADE2114904
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
218 23RD Street, Unit 0
Brooklyn, New York
376 Stanford Street
Perth Amboy, New Jersey
103 W MONTGOMERY AVE #3-C
ARDMORE, PennsylvaniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout