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Five Or More Units For Sale - 1 N 2ND ST #APT, DARBY, PA 19023

1 N 2ND ST #APT, DARBY, 19023, PA
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Explore this Property

12-UNIT DELCO VALUE-ADD | ONLY $68,750 PER UNIT | $119,556 FULL-OCCUPANCY RENT | $825,000 Attention Investors & Syndicators: High-Occupancy 12-Unit Multifamily Investment with Immediate Value-Add Opportunity! 1 N. 2nd Street in Darby, PA is a three-story stone and masonry apartment building consisting of six studios and six one-bedroom units. The property features updated units and is currently 11 of 12 units occupied. INVESTMENT HIGHLIGHTS: • $9,250/month ($111,000/year) in current gross rental income • $9,963/month ($119,556/year) at full occupancy based on the vacant unit’s most recent rent • $51,669.03 2025 NOI • 6.3% cap rate at the $825,000 asking price • Tenants pay their own electric; landlord pays water • Dedicated off-street parking lot The property provides immediate cash flow with additional income potential from leasing the vacant unit. Several existing rents are also below the building’s highest current rents, providing potential for future rental growth. The property is well positioned with off-street parking and easy access to public transportation.

MLS# PADE2124898
BHHS Fox & Roach-Jenkintown
Active For Sale Commercial
$825,000
Five Or More Units
1900 Year built
1 days on market

Property Features

Type
CRE
Acres
0.29
Style
Apartment Building
Cooling
None
Heating
Baseboard - Electric
Lot Size
100.00 x 129.00
Sub Type Text
Five Or More Units
Subdivision
COBBS CREEK
Construction
Combination
Accessibility
None
Lot Size Area Units
Square Feet

Location

Directions: Located on 2nd and main St in heart of Darby

Market Area: Darby Boro (10414)

Schools

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