Property
Glenolden, PA 19036 32 S Macdade Boulevard
$335,000
18 more
Presented By: Prime Realty Partners
SQFT • 4,052
SQFT • 4,052Home Details
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.
Presented By: Prime Realty Partners
Interior Features for 32 S Macdade Boulevard
Other Interior Features
Central Air Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 32 S Macdade Boulevard
Acceptable FinancingCash, Private, Other
AccessibilityNone
Business TypeOther/General Retail
Cap Rate9.25
CityGLENOLDEN
Construction MaterialsFrame
Cool FuelNone
CoolingNone
CountyDELAWARE
DirectionsE. oak Ln to N. Macdade Blvd.
DisclosuresLead Based Paint - State, Prop Disclosure
Gross Income48000.00
HeatingRadiator
Lease Considered Y/NNo
Location TypeBusiness District
Lot Size Square Feet0.00
Lot Size UnitsSquare Feet
MLS AreaGlenolden Boro (10421)
MunicipalityGLENOLDEN BORO
Net Operating Income31000.00
New ConstructionNo
Number Of Units Total1
Operating Expense17000.00
OwnerPaysGas, Heat, Insurance, Taxes - Real Estate, Water
OwnershipFee Simple
PossessionImmediate, 0-30 Days CD
Possible UseApartment Building, Retail
Price Per Sq Ft Total AG82.68
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount4453.0
Tax Assessed Value118440.0
Tax Lot133-000
Tax Year2024
Total Actual Rent48000.00
TransportationMetro/Subway Station less than 1 mile, Commuter Rail Station less than 1 mile
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1920
Year Built SourceEstimated
ZoningB1
Exterior for 32 S Macdade Boulevard
Building Area Total4052.00
Land Assessed Value51080.00
Land Use Code
Lot Dimensions20.00 x 102.00
Lot Size Acres0.00
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Brian Lee
Associate