151 Greenbelt Drive

    PARKESBURG, PA 19365
    • $900,000
    • STATUS: Active
    • ON SITE: 419 days
    • ID#: 1002282896
    UPDATED: 68 min ago
    $900,000
    • 0
      BEDS
    • 10.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Manufactured Home
    Built:
    1967
    County:

    School Ratings & Info

    School District:

    Description

    Currently bring in $69,972.00 a year with modest rent and has 37% vacancy so the potential is there to gross approx $111,972.00 per year and have a cap rate of approx 9% after expenses at full occupancy. Building # 1 3500 sq ft. Could easily be 3 sections. Has 3 phase electric, water, sewer & heat in half of it. Projected income $1450.00....Building # 2 1800 sq ft. Owner currently resides in a small apartment. Could be storage space, offices, etc. 3 phase electric, water, sewer, heat. New metal roof. Projected income 750.00.....Building # 3 2400 sq ft. New metal roof. LP gas heat, W&S, Wood stove. Electric w/2 sub meters. Half of it currently rented m2m 600. Projected income on the other half 500.00.......Building # 4 8165 sq ft. Currently in 5 sections but some walls could be removed to make larger areas. Heat, electric, water & sewer to the building. New metal roof. Building is metered separate with a few sub meters in place. 50x38 section rented for 880.00 per month. Front section (50x60) Currently rented m2m for 1200.00. Another 70x20 side section rented for 385.00 per month and a 70x20 side section available Projected at 347.00. Another 448 sq ft 1 bay garage storage space rented at $225.00.......Building # 5 6000 sq ft. Half of it is only 2 years old and all of it has new roof and siding. 440v electric, w&s, heat in 1/2, 13 x 40 office space, loading dock, 17'4" ceiling. Currently rented M2M at 2541.00 to a tenant of 40 years. Rent could be raised significantly..........Building # 6 660 sq ft Currently rented to the same tenant as building 5 and is included in the monthly rent........ Building has garage door, new roof, elect. projected income 225.00........Building 7 660 sq ft 30x22 Block building with electric and submeter. Currently rented m2m to the same tenant that has building 5&6, projected rent 225.00...........Building # 8 400 sq ft 16x25 building with electric and sub meter. Garage door. Currently vacant, projected rent 150.00 ......... A total of 8 buildings with approx 23,485 sq ft under roof. Property is very well maintained and many of the buildings have new roofs. Don't overlook this property! A great opportunity as an investment or a place for your business. Use 1 or more buildings for your business and collect rent on the rest. Modest rents that could be increased (especially on some buildings) All current tenants are M2M. Semi trucks access the property on a daily bases. Seller is willing to finance with a substantial down payment. Public sewer is available at Greenbelt Drive so connecting to that would be an option.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-10-18T13:57:32.277.
    www.eriksells.com/homes/86865069

    151 Greenbelt Drive PARKESBURG, PA 19365

    • Price: $900,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: 1002282896
    0
    Beds
    0
    Baths
    0
    ½ Baths
    10.3
    Acres
    1967
    Built
    Neighborhood:
    Sadsbury Twp (10337)
    County:
    Chester
    Area:
    Sadsbury Twp (10337)
    School District:
    Coatesville Area
    Property Description
    Currently bring in $69,972.00 a year with modest rent and has 37% vacancy so the potential is there to gross approx $111,972.00 per year and have a cap rate of approx 9% after expenses at full occupancy. Building # 1 3500 sq ft. Could easily be 3 sections. Has 3 phase electric, water, sewer & heat in half of it. Projected income $1450.00....Building # 2 1800 sq ft. Owner currently resides in a small apartment. Could be storage space, offices, etc. 3 phase electric, water, sewer, heat. New metal roof. Projected income 750.00.....Building # 3 2400 sq ft. New metal roof. LP gas heat, W&S, Wood stove. Electric w/2 sub meters. Half of it currently rented m2m 600. Projected income on the other half 500.00.......Building # 4 8165 sq ft. Currently in 5 sections but some walls could be removed to make larger areas. Heat, electric, water & sewer to the building. New metal roof. Building is metered separate with a few sub meters in place. 50x38 section rented for 880.00 per month. Front section (50x60) Currently rented m2m for 1200.00. Another 70x20 side section rented for 385.00 per month and a 70x20 side section available Projected at 347.00. Another 448 sq ft 1 bay garage storage space rented at $225.00.......Building # 5 6000 sq ft. Half of it is only 2 years old and all of it has new roof and siding. 440v electric, w&s, heat in 1/2, 13 x 40 office space, loading dock, 17'4" ceiling. Currently rented M2M at 2541.00 to a tenant of 40 years. Rent could be raised significantly..........Building # 6 660 sq ft Currently rented to the same tenant as building 5 and is included in the monthly rent........ Building has garage door, new roof, elect. projected income 225.00........Building 7 660 sq ft 30x22 Block building with electric and submeter. Currently rented m2m to the same tenant that has building 5&6, projected rent 225.00...........Building # 8 400 sq ft 16x25 building with electric and sub meter. Garage door. Currently vacant, projected rent 150.00 ......... A total of 8 buildings with approx 23,485 sq ft under roof. Property is very well maintained and many of the buildings have new roofs. Don't overlook this property! A great opportunity as an investment or a place for your business. Use 1 or more buildings for your business and collect rent on the rest. Modest rents that could be increased (especially on some buildings) All current tenants are M2M. Semi trucks access the property on a daily bases. Seller is willing to finance with a substantial down payment. Public sewer is available at Greenbelt Drive so connecting to that would be an option.
    Exterior Features

    Construction Materials Steel SidingMetal SidingMasonry Garage YN No Parking Types Other Property Condition Average+PropAverage+ Riparian Rights YN No Roof Metal Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 23585.00 Cooling None Heating Wood Burn Stove Heating YN Yes Net Square Feet 24165.00

    Property Features

    Acceptable Financing ConventionalCashSeller Financing Accessibility Features >84" Garage Door Annual Gross Expense 23562.00 Association YN No Business Type ManufacturingStorageWarehouse Central Air YN No Cooling Fuel Electric Electric 440 Volts110 Volts Elevators 0 Gross Income 111276.00 Heating Fuel None Hot Water Electric Incorporated City Name Sadsbury Twp Insurance Expense 3000.00 Lease Considered YN Yes Load 1 - 5 Loading DocksDock High DoorMore Than 1 Dock Navigable Water YN N Net Operating Income 87714.14 New Construction YN No Number Of Units Total 8 Operating Expense Includes Insurance Original MLSNumber 300499233505 Owner Pays Common Area MaintenanceLawn/Shrub CareInsuranceRepairsSewer MaintenanceSnow RemovalTaxes - Real Estate Ownership Interest Fee Simple Possession Settlement Property Sub Type Industrial Sale Type Standard Sewer On Site Septic Tax Annual Amount 20562.0 Tax Assessment Amount 473530.0 Tax Lot 0035.0500 Utilities Electric AvailablePhone AvailablePhone ConnectedPropaneSewer AvailableWater Available Vacation Rental YN No Water Source Well Zoning I1

    Listing courtesy of Hostetter Realty.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-10-18T13:57:32.277.
     
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