215-221 MORTON AVE Folsom, PA 19033

Established investment income property 10,000 square ft strip center (5,000 sq ft per floor) built in 1998 with little daily maintenance and low turnover, located across from major shopping center, easy access to public transportation and rail, near I-95 and Rt 476. This property is estimated at approximately 28,950 sq ft which includes folio #38-05-00493-01 separately deeded in sale price. (Note: County tax assessment records cite a smaller lot size of + - 20,800 sq ft). There are three (3) retail store fronts, (retail#1 is currently a restaurant, #2 now has a vacancy and #3 is a Hair Salon). The second floor consists of five(5) apartments plus 1 Office unit. Private parking for tenants plus additional parking for retail stores is provided. The property is well maintained and has had a good tenant history. All units have their own utility meters. Owner pays property taxes ($37,922), sewer fee($2,575), common area electric on building only, trash removal, lawn and snow maintenance, water and insurance.