1 N 2nd Street APT, Darby PA 19023 (Off Market)

For Sale, USD 825,000


1 N 2nd Street APT, Darby PA 19023,

Property Type : Commercial

Property Style : N/A

Build Size : 6,000 ft² / 557 m²

Land Size : N/A

Bedroom : 0

Bathroom : 12

Half Bathroom : 0

MLS#: N/A


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.
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1 N 2nd Street APT, Darby PA 19023, United States,Pennsylvania is a 6,000ft² Pennsylvania luxury Commercial listed for sale USD 825,000. This high end Pennsylvania Commercial is comprised of 0 bedrooms and 12 baths. Find more luxury properties in Pennsylvania or search for luxury properties for sale in Pennsylvania.