$395,000
$425,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
3,055 SqFt
SOLD DATE : 03/21/2024
Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,055 sqft
Price per Sqft $129
MLS Listing ID PADE2051298
Sold Date 03/21/24
Style Other
Abv Grd Liv Area 3,055
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $5,179
Tax Year 2023
Lot Size 2,614 Sqft
Acres 0.06
Lot Dimensions 25.00 x 99.00
Property Description
Welcome to 126 S. 5th Street, a fantastic investment opportunity in Darby, PA. This well-maintained property presents a five-unit apartment building that is sure to catch the eye of savvy investors seeking a lucrative addition to their portfolio.
Comprising four one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment, this multi-unit building offers versatility and potential for strong rental income. Each unit provides comfortable living spaces with ample natural light and functional layouts designed for modern convenience.
Currently, the property boasts a solid rent roll with all five units occupied. The combined monthly rental income from these units totals $4,372 per month with pro forma rents bringing in $5200 per month. With tenants responsible for all utilities except for cold water, this arrangement ensures minimal expenses while maximizing your return on investment.
The prime location of this property ensures easy access to local amenities such as shopping centers, restaurants, parks, and public transportation options. Its proximity to major highways also allows for convenient commuting throughout the region.
Investors will appreciate the potential for consistent cash flow from multiple rental units within this well-diversified property. With an already established rent roll generating substantial monthly income and tenants responsible for most utilities costs, you can enjoy passive income streams while minimizing expenses.
Darby's vibrant rental market makes this an attractive investment opportunity with strong demand for quality housing options. Whether you are an experienced investor looking to expand your portfolio or someone new to real estate investing seeking passive income streams, this five-unit apartment building offers tremendous potential.
Don't miss out on the chance to own this income-generating property! Contact us today to schedule a private tour of 126 S. 5th Street in Darby and explore all the possibilities it holds for your real estate investment goals. We look forward to assisting you on your journey towards financial success!
Location
State PA
County Delaware
Area Darby Boro (10414)
Zoning R-40
Interior
Hot Water Electric
Heating Hot Water
Cooling Window Unit(s)
Heat Source Oil, Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Stone
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 14-00-00905-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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