Minerva Court & Richfield Garden 2 Multifamily Properties Offered at $10,500,000 in Upper Darby, PA

Global Real Estate Advisors (GREA) extends to qualified investors the opportunity to acquire the fee simple interest in a 112-unit multifamily and mixed-use portfolio strategically located in Upper Darby, Delaware County, Pennsylvania. The Portfolio consists of:
Minerva Court, a 64-unit mixed-use asset comprised of 56 apartment units and 8 street-level commercial units, situated at 130-146 Garrett Road; and
Richfield Gardens, a 48-unit multifamily community, situated at 104-114 Richfield Road
The Properties are located within 0.5 miles of one another, allowing for meaningful economies of scale, centralized management, and streamlined operations.
The residential portion of the Portfolio totals 104 apartment units and features a diverse unit mix consisting of 38% studios (40 units), 54% one-bedroom units (56 units), and 8% two-bedroom units (8 units), appealing to a broad base of workforce and service-sector renters.
Minerva Court and Richfield Gardens Apartments offer a compelling value-add opportunity, with in-place rents 10% to 20% below market. New ownership can benefit from this upside through light to moderate interior renovations, such as kitchen and bathroom upgrades, along with exterior and common-area improvements. These enhancements would allow units to be brought up to market rents while maintaining affordability in one of the region’s most stable suburban rental markets.
In addition to rental upside, the Portfolio presents immediate operational upside. Current ownership structure reflects a relatively elevated expense load, creating an immediate opportunity to improve net operating income through more aggressive management, refined maintenance practices, and centralized operations. The proximity of the assets supports shared staffing, bulk purchasing, and operational efficiencies that can materially reduce per-unit expenses and enhance overall portfolio performance.
The Portfolio is located in a highly desirable workforce housing market with no new multifamily development, creating significant barriers to entry. With no new supply, a dense residential base, and strong local employment, Delaware County continues to demonstrate high occupancy and durable long-term rental demand.
Both assets are centrally located with convenient access to Route 1, Route 3 (West Chester Pike), Baltimore Pike, and Interstate-476 (Blue Route), providing direct access to Center City Philadelphia, University City, and the Philadelphia International Airport. Residents benefit from being within walking distance to the SEPTA 69th Street Transportation Station, the largest SEPTA Station in the suburbs and the gateway to the western suburbs, also providing access to Center City Philadelphia. Given its easy accessibility through major roadways and public transportation, the Properties benefit from a diverse employment base that includes major healthcare systems, retail corridors, educational institutions, and service-sector employers throughout the Greater Philadelphia Region.
With strong location fundamentals, diversified income streams, embedded rent growth, and meaningful operational efficiencies, Minerva Court and Richfield Garden Apartments represent an exceptional opportunity to acquire a well-located, income-producing investment with both near-term value creation and long-term durability in a supply-constrained, high-demand suburban Philadelphia submarket.