*NOTICE: This is a legal 5-unit commercial multifamily asset. Due to MLS data entry constraints, it is flagged as a 4-unit in this residential sub-category.Full 5-unit details are published under primary Commercial MLS#PADE2114280
Rare opportunity to acquire a fully occupied, turnkey 5-unit multifamily investment asset generating approximately $77,100 gross annual income with estimated NOI of approximately $53,500 and an attractive 9.3% cap rate at asking price. Stabilized long-term tenancy, strong in-place cash flow, and favorable debt-service coverage characteristics position this property well for conventional commercial, DSCR, and multifamily financing options.
Investor-friendly unit mix includes three 1BR units and two 2BR units. Extensive recent capital improvements include updated kitchens and bathrooms throughout, newer roof, and newly constructed oversized private deck off Unit D enhancing rental appeal and future income growth potential. Additional income opportunities include on-site laundry, potential garage/storage rental income, future parking expansion possibilities, and possible rear-yard expansion or redevelopment potential subject to buyer’s independent zoning and municipal approvals.
Property features a 2-car garage, loft storage area, large multi-vehicle driveway, strong curb appeal, and limited deferred maintenance. Excellent opportunity for investors, local landlords, and 1031 exchange buyers seeking a stabilized, financeable, income-producing multifamily asset with immediate cash flow and long-term upside in a strong Delaware County rental market. Financials, OM, and rent roll available upon request. Serious qualified investors only.
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Listing Snapshot
Price
$575,000
Days On Site
122 Days
Bedrooms
7
Inside Area (SqFt)
5,100 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.57 Acres
Year Built
1942
MLS® Number
PADE2115394
Status
Active
Property Tax
$10,460
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
4 months ago
Listing first seen on site
General Features
Acres
0.57
Cross Street
Yates Avenue
Foundation
Stone
Garage
Yes
Garage Spaces
2
Number Of Stories
2
Parking
On StreetPrivateGarageDrivewayDetached
Parking Spaces
8
Property Sub Type
Multi Family
Security
Smoke Detector(s)Carbon Monoxide Detector(s)
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
5100
SqFt Total
5100
Style
Colonial
Water Source
Public
Zoning
R-90 MULTIPLE DWELLINGS
Interior Features
Appliances
Gas Water Heater
Basement
Partial
Cooling
Window Unit(s)Electric
Electric
200+ Amp Service
Flooring
LaminateCarpetVinyl
Heating
Natural GasHot WaterRadiant
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Exterior Features
Construction Details
Vinyl SidingAluminum Siding
Lot Features
LevelFront YardBack Yard
Patio And Porch
PorchDeck
Pool Features
None
Roof
Shingle
View
Garden
Waterview
Garden
Community Features
MLS Area
Lower Chichester Twp (10408)
School District
CHICHESTER
Schools
School District
CHICHESTER
Elementary School
Unknown
Middle School
Unknown
High School
CHICHESTER SENIOR
Listing courtesy of Keller Williams Real Estate - Media
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