Description
Outstanding opportunity to acquire a value-add 5-unit multifamily property with significant income potential. three units are currently vacant, with projected gross rents of up to $6,000/month once stabilized.
unit breakdown:
unit 1: 1br/1ba – vacant, cleaned and painted, needs flooring, cabinets, and bathroom upgrade.
unit 2: 2br/1ba – vacant, renovations nearly complete and ready for rent.
unit 3: 2br/1ba – tenant moving out soon, will need upgrades once vacant.
unit 4: 3br/1ba – vacant, cleaned and painted, needs flooring, cabinets, and bathroom.
unit 5: leased at $750/month
this is a prime value-add opportunity for a savvy investor ready to bring units up to market standards. whether you want to flip, refinance, or hold long-term, this property has strong income potential and room to build equity quickly.
Property Type
Multi-FamilyCounty
DELAWAREStyle
Unit/FlatAD ID
49514573
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Interior Features
- Basement Description: Full
Heating & Cooling
- Cooling: Window Unit(s)
- Heating: Baseboard - Electric
- Cooling Fuel: Natural Gas
- Heating Fuel: Electric
-
Exterior Features
Building Information
- Year Built: 1941
- Structure: Detached
- New Construction: No
- Total Units: 1
- Built: 1941
- Construction Material: Concrete
- Foundation/Basement: Permanent
- Architecture: Unit/Flat
- Pool/Private: No Pool
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Natural Gas
-
Property / Lot Details
Lot Information
- Lot Size: 0
- Dimensions: 68.00 x 35.00
- Lot Size (Acres): 0.00
- Architectural Style: Unit/Flat
- Main Square Feet: 0
Property Information
- SQ ft: 2,380
- SQ ft (Living Area): 2,380
- Total Lot SQ ft: 0
- Appx. Lot Dimensions: 68.00 x 35.00
- Total Acreage: 0.00
- New Construction: No
- Type: Unit/Flat
-
Listing Information
Listing Information
- Possession: Immediate
- Days Of Market: 2
-
Taxes / Assessments
Tax Information
- Annual Tax: $6,675
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Immediate
Assessment Information
- Taxes Assessment Amount: $231,010
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Type: On Street
Homeowners Association Information
- Direction: 1301 W 3rd St
-
School, Utilities & Location Details
School Information
- School District: CHESTER-UPLAND
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Natural Gas
- Heating Fuel: Electric
- Hot Water: Natural Gas
Location Information
- Direction: 1301 W 3rd St
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BuyOwner last updated this listing 05/04/2025 @ 21:10
- MLS: PADE2088994
- 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.