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400 S 5th St
Darby, PA 19023
Keystone Manor Apartments · Multifamily Property For Sale
·
23 Units
Property Facts
| No. Units | 23 | Building Size | 16,233 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1950/2015 |
| Building Class | C | Parking Ratio | 0.87/1,000 SF |
| Lot Size | 1.23 AC | ||
| Zoning | R-3 | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.23 AC |
| Building Size | 16,233 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2015 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
About 400 S 5TH ST , DARBY, PA 19023
ASSUMABLE MORTAGE AVAILABLE AT 3.75% This two story 23 Unit in Colwyn, PA is an excellent income producing property with a high ceiling for value add potential. The property is 1/3 renovated with improvements that include major mechanical and cosmetic overhauls. New low flow toilet mechanicals, new boiler system, renovated bathrooms, new security system, new carpets, new tile flooring, new kitchen and bath fixtures, and new cabinetry are just some of the improvements to the property. Currently, there are no capital expense projects on the horizon as there are no issues with the roof (a-frame asphalt shingle), structure (brick), or mechanicals (boilers/pumps/sprinkler).One of the two boilers has been replaced within the past two years and the other has received all-new parts. New auxiliary heating and cooling units have recently been installed in each unit to provide tenants with additional low- cost climate control (separately metered through their electric service. The borough is served by its own police and re departments and is a part of the William Penn School District. Positioned just over two miles from Philadelphia International Airport and Interstate 95, Colwyn is easily accessible from the entire metropolitan area and beyond. Additionally, the borough is well-served by public transit, with SEPTA train, trolley and bus service linking Colwyn to Center City Philadelphia and greater Delaware County. The 19023 area has a strong and steady rental market where 41% of all residents are renters. The rental market continues to benefit from increased demand for affordable living while the supply of rental units has remained fixed. There has been no significant development of new inventory, and no significant construction of new multi-family units in this area for the past 10 years.
Property Taxes
| Parcel Number | 12-00-00171-00 | Improvements Assessment | $675,020 |
| Land Assessment | $149,980 | Total Assessment | $825,000 |
Property Taxes
