447-449 Macdade Blvd, Collingdale, PA 19023
4 Unit Apartment Building | $749,900 ($187,475/Unit) | 9% Cap Rate | Collingdale, PA 19023
For Sale
Active
31 pictures
Asking Price $749,900
- Sale Condition
- High Vacancy Property
- Property Type
-
Multifamily
- Square Feet
- 7,596 SF
Listing Contacts
Anthony Krupincza
- Property Info
Property Overview
BACK ON MARKET, BUYER FINANCING FELL THROUGH. Excellent opportunity to own this mixed-property with a lounge/bar with over 4,000 square feet of interior space and multiple apartments on top, plus a garage in the back. Parking in the driveway on the side of the building combine for a total of roughly 2-3 parking spots. This investment property currently features 3 apartments with the possibility to create 6-7 units or to bring the lounge/bar back to its glory days and have 4 units upstairs. The exterior of the property features large signage right on MacDade Blvd. Great location in the heart of Collingdale situated right on the corner of MacDade Blvd and Marshall Avenue. The large bar/restaurant/tavern has multiple entrances and is fully equipped a pool table, a dance floors, TVs, tons of seating, restrooms and the possibility to bring the kitchen back to full functionality. The main floor and bar seats 40-50 people comfortably. Traffic count is 25,000 plus. Possibility at this location to bring the bar back to it's glory days...restaurant/bar with multiple apartments upstairs. Don't miss out on your chance to own this amazing opportunity! Rents are currently below Market Rate! There is a ton of potential to bring this to a 9% cap rate. Please verify square footage, as public record was used for square footage information.
Property Details
- Class
- C
- Year Built/Renovated
- 1930/2000
- Stories
- 3
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 2,178 SF
- Units
- 4
Highlights
- Restaurant / Bar - Entire 1st floor
- 3 Residential Units
- 2 Garages in Rear of Property plus a driveway
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