Historical Multifamily Sale Listing - 435 Main Street

Multifamily For Sale

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435 Main Street

435 Main Street, Darby, PA 19023

N/A

4 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
4
Building Size:
2,500 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/Triplex/Fourplex
Property Use Type:
Investment
Cap Rate:
20%
No. Stories:
2
Year Built:
1926
Listing ID
14495024
Last Updated
over 1 year ago

Highlights

  • Turnkey Opportunity
  • Below Market Value
  • motivated seller
  • cashflow cow
  • 20% cap rate
  • Priced Below Replacement Cost

Description

Don't waste your time looking because you won't find a better deal ANYWHERE! This one is priced to sell. This is a four unit building, one of which is a storefront and all the others are 1 bedrooms with 1 bath. All units are currently rented on a month to month. 3- 1 BR - $400, Storefront -$500. 2 tenants have been here since 1983 and the other 2 since 2002. As you're probably thinking, yes these are below market rents by 25 -35%, currently the cheapest in Darby. Comparable 1 BR units rent up to $535 and Storefronts up to $655. New owner may act accordingly. There is also a coin operated washer and dryer in the basement and a pay phone on the property for additional income. All units are seperately metered and tenants pay their own utilities. Owner pays cold water and public lighting. (usually 150-200/mo.) Property is sold AS IS, buyer is responsible for all inspections and certifications.

Conveniently located on busy Main St. in downtown Darby. New major regional post office being built nearby and many new jobs will enter the area. Lots of public transportation. Buses and trolley cars ride past the building.

Map of 435 Main Street, Darby, PA 19023 (Delaware County)

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