Milmont Park Mixed-Use
712 West MacDade Boulevard Folsom, PA 19033
712 West MacDade Boulevard, Folsom, PA, 19033
$440,000
For Sale
$440,000
Well-maintained mixed-use property with multiple income streams and upside.
Property Size3,000 SF
Price / SF$146.67
Days on Market193
Property Features for 712 West MacDade Boulevard
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1951
Listing Agency
Premier Property Sales & Rentals
(610) 662-9493
Listed by
Beth Ann Berman · License #RS317284
(610) 662-9493
Source
Compass
Added: Jan 6 Checked: Jul 10 at 3:55 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Property Sales & Rentals
Investment Insights
Based on property information with market context.
The mixed-use property located in the Milmont Park area offers an investment opportunity with multiple income streams. The second-floor apartment has been fully renovated and features three bedrooms, an eat-in kitchen, a full bath with double sinks and a jetted tub, in-unit laundry, a large family room with a gas fireplace, and access to a private rear deck. A walk-up attic provides additional storage. The first floor is configured as professional office space with four private offices and a powder room. A walkout basement offers storage space and potential for expanded office use or future build-out. Subject to township approval, the first floor presents an opportunity for conversion to a second residential unit. Additional income potential includes an attached oversized two-car garage. The property also has a parking lot accommodating up to 10 vehicles. Updated systems and a newer roof reduce near-term capital expenditures. The property is located in Ridley Township, Delaware County.
Key Highlights
- Fully renovated 3‑bedroom apartment with modern amenities including a jetted tub, in‑unit laundry, gas fireplace, and private deck.
- Value‑add investment opportunity with multiple income streams from the apartment, office space, and garage.
- Potential to convert first‑floor office space into a second residential unit (subject to township approval) for increased rental income.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$6.5k | −$2.16 |
| EGI | $47.5k | $15.84 |
| − OpEx | −$17.8k | −$5.94 |
| NOI | $29.7k | $9.90 |
3,000 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$702.6K
$614.8K – $819.7K
NOI $49,183 @ 7.0% cap · market cap 11.18%
Second Best
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$909.6K
$795.9K – $1.06M
NOI $63,670 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pressman & Doyle LLC
Law Firm
Howard Pressman
Law Firm
Capista and Capista
Social Service Agency
Ark Porcelain Refinishing ...
Renovation Specialist
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FAQs
What type of property is this?
Mixed-use property - Well-maintained mixed-use property with multiple income streams and upside.
Where is this mixed-use property located?
The property is located at 712 West MacDade Boulevard Folsom, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Fully renovated 3‑bedroom apartment with modern amenities including a jetted tub, in‑unit laundry, gas fireplace, and private deck.; Value‑add investment opportunity with multiple income streams from the apartment, office space, and garage.; Potential to convert first‑floor office space into a second residential unit (subject to township approval) for increased rental income.
