1038 Lincoln Ave Prospect Park Delaware PA 19076

Great Investment Opportunity

Sold $275,000

For sale is a great investment opportunity to own a fully leased building that has a retail storefront on the first floor and a residential apartment on the second.  The storefront is leased to a nail salon.  On-street parking only.  Rent for the first floor storefront is $1,150/month and rent for the second floor apartment is $750/month.  Insurance is $1,383/year and taxes for 2021 are $4,039/year.  The 1st floor tenant has a 3 year lease that expires/renews January 2023 and has occupied the space continually since 2005.  The 2nd floor apartment tenant is a 1 year lease that expires/renews June 2022.

Property Features
  • Retail, Apartments
  • Satelite
  • Street
  • Transit