7000 Clinton Road, Upper Darby, Pennsylvania 19082
Listing IDPADE2033256
Price$2,750,000
StatusACTIVE
SqFt
22,822
Acres
0.030
CountyDelaware
Year Built1930
Property TypeCommercial Sale
Property Sub TypeFive Or More Units
Rental Upside: Opportunity to increase in-place rents. New ownership will be able to increase the performance of the portfolio by making renovations while maintaining positive cash flow.
Strong Occupancy: Rents in Delaware County have increased by an impressive 7.5% over the past year, which significantly exceeds the average annual growth of 3.7% over the past decade.
Investment Highlights: Incredible opportunity to acquire 22-units scattered across the highly sought-after Delaware County submarket. This 22,822 SF portfolio is comprised of (12) two-bedrooms units, (9) three-bedroom units, and (1) one-bedroom unit. The average square footage of the units is approximately 1,037 square feet. The average monthly rents currently being achieved for the two-bedroom units is $934 and $1,171 for the three-bedroom units. These properties offer the ability to achieve immediate cash flow, while also being able to increase rents. Many of the properties feature porches, and front and back yards.
County
Delaware
Price/SqFt
120.5
Property Sub Type
Five Or More Units
Property Type
Commercial Sale
Year Built
1930
Zoning
R-1
Building Total SqFt Source
Estimated
Central Air
yes
Cooling Type
Central A/C
Heating
yes
Heating Type
Hot Water
Building Units Total
22
Construction Materials
Brick
Cooling Fuel
Electric
Heating Fuel
Natural Gas
Hot Water
Natural Gas
Lot Dimensions Source
Assessor
Lot Size Dimensions
25.00 x 70.00
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
no
Sewer Septic
Public Sewer
Tidal Water
no
Type of Parking
On Street
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
MLS Area
Upper Darby Twp (10416)
Municipality
UPPER DARBY TWP
Waterfront
no
Zoning Description
Residential
Accessibility Features
2+ Access Exits
Business Type
Other
Days on Market
7
Land Use Code
R-10
Potential Tenancy
Single
Year Assessed
2022
Year Built Source
Assessor
Automatically Update Tax Values
yes
Ground Rent Exists
no
Ground Rent Payment Frequency
Annually
Net SqFt
22822
Ownership Interest
Fee Simple
Possession
Immediate
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
2584
Tax Assessed Value
63400
Tax Lot
298-000
Tax Year
2021
Vacation Rental
no
Contact - Listing ID PADE2033256
Brett Furman
528 East Lancaster Avenue
St. Davids, PA 19087
Phone: 610-687-6060
Phone Alt: 610-687-6060
Data services provided by IDX Broker
