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447-449 Macdade Blvd - Belvedere Lounge 447-449 Macdade Blvd

4 Unit Apartment Building $699,999 ($175,000/Unit) 9.64% Cap Rate Collingdale, PA 19023

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Investment Highlights

Restaurant / Bar - Entire 1st floor
2 Garages in Rear of Property plus a driveway

3 Residential Units

Executive Summary

Liquor license is valued at $300,000.

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	$90,000	$11.85
Other Income	$3,000	$0.39
Vacancy Loss	-	-
Effective Gross Income	$93,000	$12.24
Taxes	$16,095	$2.12
Operating Expenses	$6,000	$0.79
Total Expenses	$22,095	$2.91
Net Operating Income	$70,905	$9.33

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	$90,000
Annual Per SF	$11.85

Other Income
Annual	$3,000
Annual Per SF	$0.39

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$93,000
Annual Per SF	$12.24

Taxes
Annual	$16,095
Annual Per SF	$2.12

Operating Expenses
Annual	$6,000
Annual Per SF	$0.79

Total Expenses
Annual	$22,095
Annual Per SF	$2.91

Net Operating Income
Annual	$70,905
Annual Per SF	$9.33

Property Facts

Price	$699,999	Apartment Style	Low Rise
Price Per Unit	$175,000	Building Class	C
Sale Type	Investment	Lot Size	0.05 AC
Cap Rate	9.64%	Building Size	7,596 SF
Sale Conditions	Business Value Included High Vacancy Property	Average Occupancy	50%
No. Units	4	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1930/2000
Property Subtype	Apartment General Retail Storefront Retail/Residential	Parking Ratio	0.39/1,000 SF

Price	$699,999
Price Per Unit	$175,000
Sale Type	Investment
Cap Rate	9.64%
Sale Conditions	Business Value Included High Vacancy Property
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.05 AC
Building Size	7,596 SF
Average Occupancy	50%
No. Stories	3
Year Built/Renovated	1930/2000
Parking Ratio	0.39/1,000 SF

Unit Amenities

Ceiling Fans

Basement

Deck

Site Amenities

Storage Space

About 447-449 Macdade Blvd , Collingdale, PA 19023

BACK ON MARKET, BUYER FINANCING FELL THROUGH. Excellent opportunity to own this mixed-property with a lounge/bar with over 4,000 square feet of interior space and multiple apartments on top, plus a garage in the back. Parking in the driveway on the side of the building combine for a total of roughly 2-3 parking spots. This investment property currently features 3 apartments with the possibility to create 6-7 units or to bring the lounge/bar back to its glory days and have 4 units upstairs. The exterior of the property features large signage right on MacDade Blvd. Great location in the heart of Collingdale situated right on the corner of MacDade Blvd and Marshall Avenue. The large bar/restaurant/tavern has multiple entrances and is fully equipped a pool table, a dance floors, TVs, tons of seating, restrooms and the possibility to bring the kitchen back to full functionality. The main floor and bar seats 40-50 people comfortably. Traffic count is 25,000 plus. Possibility at this location to bring the bar back to it's glory days...restaurant/bar with multiple apartments upstairs. Don't miss out on your chance to own this amazing opportunity! Rents are currently below Market Rate! There is a ton of potential to bring this to a 9% cap rate. Please verify square footage, as public record was used for square footage information.

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	5	$1,500	700 - 800
3+2	1	$4,000	2,500 - 2,875
3+1	4	$2,100	2,250

1 of 1

Walk Score ®

Very Walkable (71)

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Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 11-00-01563-00 11-00-01564-00	Total Assessment	$379,520
Land Assessment	$126,000	Annual Taxes	$16,095 ($2.12/SF)
Improvements Assessment	$253,520	Tax Year	2024

PROPERTY TAXES

Parcel Numbers

Multiple

11-00-01563-00
11-00-01564-00

Land Assessment

$126,000

Improvements Assessment

$253,520

Total Assessment

$379,520

Annual Taxes

$16,095 ($2.12/SF)

Tax Year

2024

zoning

Zoning Code	Commercial (Commercial Zoning - 2 buildings with multiple entrances and a total of 3 residential units, plus one restaurant/bar that spans the entire 1st floor)
Commercial (Commercial Zoning - 2 buildings with multiple entrances and a total of 3 residential units, plus one restaurant/bar that spans the entire 1st floor)