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32 South MacDade Boulevard

Glenolden PA 19036

2
4052 sq. ft.
Other
Currently for sale - view listing

Overview

(Cross Posted -- under commercial) Excellent investment opportunity in the heart of Glenolden Borough! This mixed-use, four-unit property features a glass shop storefront on the main level plus three residential apartments above — one studio and two one-bedroom units. Fully occupied potential income of $4,000/month ($48,000/year) with the vacant one-bedroom ready to rent. Owner pays cold water and gas heat for the building; tenants cover electric and other utilities. Annual expenses include approximately $4,500 taxes, $4,500 insurance, and $8,000 utilities, yielding a Net Operating Income (NOI) of about $31,000. At the $335,000 list price, this property delivers a strong 9.25% cap rate with room for upside through rent increases or individual utility separation. Prime visibility along MacDade Blvd, near public transportation, shopping, and major commuter routes. A perfect opportunity for investors seeking stable cash flow in a growing area.

Features

2 bedrooms
4052 sq. ft. floor area
Other

Happy sellers in Glenolden

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Local market activity for 2 bedroom other properties in Glenolden

In the last 12 months, 2 two-bedroom other properties similar to 32 South MacDade Boulevard, have been sold.

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(619) 566-0008
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