400 5TH Street,  Colwyn PA, 19023

(Active)
$1,035,000
|
9 beds, 9 baths
|
MLS# 7031640
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Last Updated: 10/19/2017 6:37 PM
Description for 400 5TH Street Colwyn, PA 19023
This three story 23 unit in Colwyn, PA is an excellent income producing property with a high ceiling for value add potential. Property is 1/3 renovated with improvements that include major mechanical and cosmetic overhauls. New low flow toilet mechanicals, new boiler system, renovated bathrooms, new security system, new carpets, new tile flooring, new kitchen and bath fixtures, and new cabinetry are just some of the improvements to the property. Currently, there are no capital expense projects on the horizon as there are no issues with the roof (a-frame asphalt shingle), structure (brick), or mechanicals (boilers/pumps/sprinkler).One of the two boilers has been replaced within the past two years and the other has received all-new parts. New auxiliary heating and cooling units have recently been installed in each unit to provide tenants with additional low- cost climate control (separately metered through their electric service.
Price
$1,035,000
Colwick
DELAWARE
9
9
7031640
Active
Description
This three story 23 unit in Colwyn, PA is an excellent income producing property with a high ceiling for value add potential. Property is 1/3 renovated with improvements that include major mechanical and cosmetic overhauls. New low flow toilet mechanicals, new boiler system, renovated bathrooms, new security system, new carpets, new tile flooring, new kitchen and bath fixtures, and new cabinetry are just some of the improvements to the property. Currently, there are no capital expense projects on the horizon as there are no issues with the roof (a-frame asphalt shingle), structure (brick), or mechanicals (boilers/pumps/sprinkler).One of the two boilers has been replaced within the past two years and the other has received all-new parts. New auxiliary heating and cooling units have recently been installed in each unit to provide tenants with additional low- cost climate control (separately metered through their electric service.
Listing Information
Property Type: Apartment, Garden
9 9
0.63 Acres 1987 Brick
Colwick
9 Total
Neighborhood
School Information
District: William Penn
Room Information
Common
Interior Features
Wall Air Conditioning
Full
3
Exterior / Lot Features
Lot
Brick
246X217
R5
Financial Considerations
$34,874
Listing Price History

Colwyn Real Estate

Colwyn is located in Pennsylvania. Colwyn, Pennsylvania 19023 has a population of 2,553.

The median household income in Colwyn, Pennsylvania 19023 is $41,579. The median household income for the surrounding county is $64,174 compared to the national median of $53,482. The median age of people living in Colwyn 19023 is 29.6 years.

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Courtesy: Brady Carroll - KW Commercial
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
Information is deemed reliable but is not guaranteed.

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