Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PADE2104240
Year Built 1920
Annual Tax Amount $9,860
Tax Year 2025
Lot Dimensions 282.00 x 400.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The building has been diligently maintained by long-term ownership, with thoughtful updates completed in four units as they turned over. Two long-standing tenants—each in place for more than 20 years—currently occupy well-kept units at below-market rents, providing an immediate value-add opportunity for investors. With the property already generating a solid Net Operating Income of $41,972—even with rents—the new owner can benefit from both stable in-place cash flow and clear upside as units are modernized and rents are brought to market levels.
Additional features include ample on-site parking, expansive outdoor space for tenant enjoyment, and strong historical occupancy. Whether you're looking to expand your portfolio or secure a reliable, income-producing asset with long-term growth potential, this property stands out as a high-quality, low-maintenance investment in a consistently desirable location.
Location
State PA
County Delaware
Area Upper Chichester Twp (10409)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Water Access N
Roof Type Asphalt
Accessibility None
Total Parking Spaces 12
Garage N
Building
Lot Description Adjoins - Public Land, Backs to Trees, Subdivision Possible
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Chichester Senior
School District Chichester
Others
Tax ID 09-00-02287-00
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Lic# 0225264890