Description
Investor alert! this fully renovated mixed-use duplex is the turnkey asset your portfolio’s been waiting for. featuring a prime commercial storefront on year 4 of a 10-year net lease—with built-in annual rent increases and a committed tenant already expressing interest in the 5-year extension—this property is a cash-flow machine. the current commercial rent is $1,369.40/month and set to rise to $1,431.02 in october, eventually reaching $1,783.31 by the final lease year. tenant covers electric, water, and trash, and handles all business-related repairs. the residential and commercial units are separately metered making utility bill backs simple.
the residential unit has 4 bedrooms, 1.5 bathrooms, and a spacious living area. recently vacated and updated, the home boasts granite countertops, lvp flooring, tile bath/shower, and new appliances including a washer and dryer in the full basement. previously rented at $1,550, it’s ready to command $1,650+ in today’s market. with both units rented, you’re looking at over $3,000/month in income and a 9% cap rate from day one. gross annual revenue exceeds $36,000, and with updated systems and stable tenants, this is a true turnkey investment in a prime location. don’t miss your chance to secure a high-performing asset in a growing area!
Property Type
Multi-FamilySubdivision
CollingdaleCounty
DELAWAREStyle
OtherAD ID
49950893
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Interior Features
- Upgraded Countertops,Store/Office
- Roof : Flat
- Property Appliances: Dishwasher,Dryer,Oven/Range - Electric,Refrigerator,Stainless Steel Appliances,Washer,Water Heater
Roofing Information
- Flat
Heating & Cooling
- Cooling: Window Unit(s)
- Heating: Baseboard - Electric
- Cooling Fuel: None
- Heating Fuel: Electric
-
Exterior Features
Building Information
- Year Built: 1920
- Structure: Detached
- Major Appliances: Dishwasher,Dryer,Oven/Range - Electric,Refrigerator,Stainless Steel Appliances,Washer,Water Heater
- New Construction: No
- Total Units: 2
- Built: 1920
- Construction Material: Other
- Roof: Flat
- Foundation/Basement: Stone
- Architecture: Other
- Pool/Private: No Pool
- Roof Type: Flat
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Electric
-
Property / Lot Details
Lot Information
- Lot Size: 0
- Dimensions: 13.00 x 80.00
- Lot Size (Acres): 0.00
- Architectural Style: Other
- Stories Total: 3
- Main Square Feet: 0
Property Information
- SQ ft: 3,060
- SQ ft (Living Area): 3,060
- Total Lot SQ ft: 0
- Subdivision: COLLINGDALE
- Financing: Bank Portfolio,Cash,Other
- Appx. Lot Dimensions: 13.00 x 80.00
- Total Acreage: 0.00
- New Construction: No
- Type: Other
-
Listing Information
Listing Information
- Possession: 0-30 Days CD,Immediate
- Days Of Market: 5
-
Taxes / Assessments
Tax Information
- Annual Tax: $9,456
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- 0-30 Days CD,Immediate
Assessment Information
- Taxes Assessment Amount: $212,700
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Type: None
Multi-Unit Information
- Acceptable Financing: Bank Portfolio,Cash,Other
- Roof: Flat
Homeowners Association Information
- Direction: Travel south on Chester Pike. Property will be on corner of Chester Pike and Pine St.
-
School, Utilities & Location Details
School Information
- School District: SOUTHEAST DELCO
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: None
- Heating Fuel: Electric
- Hot Water: Electric
Location Information
- Location Type: Suburban
- Direction: Travel south on Chester Pike. Property will be on corner of Chester Pike and Pine St.
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BuyOwner last updated this listing 06/03/2025 @ 11:32
- MLS: PADE2091638
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.