This property is Off-Market

435 Main Street
Darby, PA 19023 ·

4 Units · Multifamily For Sale

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435 Main Street

Price N/A Property Use Type Investment
No. Units 4 Cap Rate 20%
Building Size 2,500 SF No. Stories 2
Property Type Multifamily Year Built 1926
Property Sub-type Duplex/Triplex/Fourplex
Listing ID: 14495024 Date Created: 02/08/2006 Last Updated: 08/17/2006

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.

Highlights

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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