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Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,729 sqft
Price per Sqft $100
MLS Listing ID PADE2031176
Sold Date 11/22/22
Style Other
Abv Grd Liv Area 3,729
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $7,393
Tax Year 2021
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 37.00 x 149.00
Property Description
Welcome to this absolutely Immaculately maintained multi-family unit on 0.3 acres in a beautiful and quiet cul de sac. Located right next to the Darby train station Newark/ Wilmington line. One stop away is University City, two stops away is 30th Street. This property comprises 4 units. 3 units in the main building: a 3 bed 1 bath on the first level and 2, 2 beds and 1 bath on the second and third level. There is also a cottage on the left side of the property that could be used as a primary residence for the new owner! It is a 1 bed 1 bath with plenty of space and completely detached. The first level rents for $975, the second level rents for $875, and the third level rents for $1,000. The detached cottage rents for $850 currently. All of these units are well under market value for rent in the area. Currently it totals $3,700 in rental income per month and $44,400 a year. Every unit is on its own heating system that has been maintained through the years that the current owner has owned the property. Each unit has radiator heat as well as supplemental baseboard heaters. The only exception is the cottage, which is all electric. All units also have their own circuit box in the unit as well as a master box in the basement for each separate unit. Tenants pay for their own electrical and heat. There are hard-wired smoke detectors as well as carbon monoxide detectors in every unit. There are professional grade locks for each unit where all you have to do is change the core of the lock and the owner has a master key that opens every unit. Each unit also has a video intercom system that also has a master panel in the basement. The basement contains a coin-operated dryer that costs $2 to operate, another source of income, as well as a washer that is not coin operated but one could be installed very easily. There are also two 10’x11’ storage units that could be rented for more income as well. This is an absolutely incredible property that could make its new owner a lot of money! The owner never pursued it but supposedly there could be other structures built on the land. Please refer to pictures as well as the video and 3d rendering that are attached! The unit is fully rented so please give the owner and tenants ample time before requesting a showing. This is a Great chance for a smart investor to get in before Darby gets more expansive with the new luxury lofts coming soon at 901 Quarry ave! Lots and lots of potential with this property with the capacity to raise rents now and in the future!
Location
State PA
County Delaware
Area Darby Boro (10414)
Zoning RESIDENTAL
Rooms
Basement Partially Finished
Interior
Hot Water Electric, Natural Gas
Heating Hot Water
Cooling Ceiling Fan(s), Window Unit(s), Wall Unit
Fireplaces Number 2
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District William Penn
Others
Tax ID 14-00-01090-00
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Joseph Lawrence • Realty Mark Cityscape-King of Prussia