Property
Beds
2
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
1,328
MULTI-FAMILY INVESTMENT OPPORTUNITY! INVESTORS—DON’T MISS THIS UNIQUE INCOME PRODUCING OPPORTUNITY! Welcome to this fantastic 1+1 duplex in the Darby section of Delaware County. This large twin sits on an impressive approximate 51' x 126' lot and offers ample parking, plus nine garages that provide additional income potential. Currently, six of the nine garages are rented, generating approximately $700 per month in additional rental income, with potential to increase revenue even further. Apt#1 features a spacious and comfortable living room, a modern kitchen equipped with appliances, and plenty of cabinet and counter space. The unit also offers a generously sized bedroom with awesome closet space and a full bathroom with a convenient shower/tub combination. Apt#2 offers a similar comfortable layout with a living room/dining room combination, modern kitchen with appliances, ample cabinetry and counter space, a generously sized bedroom with good closet space, and a full bathroom with a shower/tub combination. The property also includes a large, full unfinished basement, accessible from the first-floor unit, offering abundant storage space and potential for future use. Both residential units are currently occupied and producing rental income. Combined with the garage income and potential for future rent increases, this property offers multiple income streams and attractive upside for investors. TWO ADDITIONAL LOTS INCLUDED! Adding even more value, two additional lots are included in the sale. These lots were previously used for a total of five additional garages and have since been converted into vacant lots. The additional lots have a separate 3rd Street address and are located behind the three-car garage on the main property. Potential uses may include a new garage, additional parking, or other permitted uses, subject to zoning, approvals, and verification with Darby Borough. Approximate lot sizes: Lot 1: 54' x 23' & Lot 2: 36' x 18'. Buyers are responsible for conducting their own due diligence and independently verifying all zoning requirements, permitted uses, lot dimensions, and development possibilities with Darby Borough for the 2 additional lots included in the sale. With two occupied rental units, six rented garages out of the nine garages, a large approximate 51' x 126' lot, and two additional lots, this property offers multiple avenues for rental income, expansion, and future growth. Put your money to work and explore the possibilities this unique multi-family investment opportunity has to offer! Conveniently located near schools, shopping, public transportation, and other local amenities. Schedule your appointment today and discover the income-producing potential and possibilities this property has to offer!
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
N/A
-
Above Grade Finished Area
1328.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Hot Water, Baseboard, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
9
-
Construction Materials
Stucco
-
Other Exterior Features
Lighting
-
Parking
Asphalt, On Street, Unpaved, Garage, Driveway, Other, Detached
-
Patio and Porch Features
Porch
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Front Yard, Back Yard
-
Lot Size(acres)
0.15
-
Lot Size(square feet)
6,534
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Other
Price
-
Sales Price
$339,900
-
Tax Amount
$3,609
-
Financing Options
Cash, Conventional
-
Sq. Footage
1,328
-
Price/SqFt
$255
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Other
-
Sewer
Public Sewer
-
Tax Lot
874-001
-
Water Source
Public
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Location
County
DELAWARE
Elementary School
Middle School
High School
Listing Courtesy of Terrance E Lee, RE/MAX Access
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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