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Listed by champ washington • BHHS Fox & Roach-Jenkintown
$ 825,000
Est. payment | /mo
0.29 Acres Lot
$ 825,000
Est. payment | /mo
0.29 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Cobbs Creek
MLS Listing ID PADE2124898
Year Built 1900
Annual Tax Amount $26,644
Tax Year 2026
Lot Size 0.289 Acres
Acres 0.29
Lot Dimensions 100.00 x 129.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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.
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.
Location
State PA
County Delaware
Area Darby Boro (10414)
Zoning COMMECIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Utilities Available None
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District William Penn
Others
Tax ID 14-00-02633-01
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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