Darby, PA 19023,126 S 5TH ST
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Darby, PA 19023,126 S 5TH ST
Darby, PA 19023,126 S 5TH ST
Darby, PA 19023,126 S 5TH ST
Darby, PA 19023,126 S 5TH ST

$395,000

Est. payment /mo

$425,000

7.1%
Est.Price: ?

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126 S 5TH ST Darby, PA 19023

3,055 SqFt

SOLD DATE : 03/21/2024

Key Details

Sold Price $395,000

Property Type Multi-Family

Sub Type End of Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 3,055 sqft

Price per Sqft $129

MLS Listing ID PADE2051298

Sold Date 03/21/24

Style Other

Abv Grd Liv Area 3,055

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $5,179

Tax Year 2023

Lot Size 2,614 Sqft

Acres 0.06

Lot Dimensions 25.00 x 99.00

Property Description

Welcome to 126 S. 5th Street, a fantastic investment opportunity in Darby, PA. This well-maintained property presents a five-unit apartment building that is sure to catch the eye of savvy investors seeking a lucrative addition to their portfolio.

Comprising four one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment, this multi-unit building offers versatility and potential for strong rental income. Each unit provides comfortable living spaces with ample natural light and functional layouts designed for modern convenience.

Currently, the property boasts a solid rent roll with all five units occupied. The combined monthly rental income from these units totals $4,372 per month with pro forma rents bringing in $5200 per month. With tenants responsible for all utilities except for cold water, this arrangement ensures minimal expenses while maximizing your return on investment.

The prime location of this property ensures easy access to local amenities such as shopping centers, restaurants, parks, and public transportation options. Its proximity to major highways also allows for convenient commuting throughout the region.

Investors will appreciate the potential for consistent cash flow from multiple rental units within this well-diversified property. With an already established rent roll generating substantial monthly income and tenants responsible for most utilities costs, you can enjoy passive income streams while minimizing expenses.

Darby's vibrant rental market makes this an attractive investment opportunity with strong demand for quality housing options. Whether you are an experienced investor looking to expand your portfolio or someone new to real estate investing seeking passive income streams, this five-unit apartment building offers tremendous potential.

Don't miss out on the chance to own this income-generating property! Contact us today to schedule a private tour of 126 S. 5th Street in Darby and explore all the possibilities it holds for your real estate investment goals. We look forward to assisting you on your journey towards financial success!

Location

State PA

County Delaware

Area Darby Boro (10414)

Zoning R-40

Interior

Hot Water Electric

Heating Hot Water

Cooling Window Unit(s)

Heat Source Oil, Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District William Penn

Others

Tax ID 14-00-00905-00

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Michael Stranix • Realty Mark Cityscape-King of Prussia
Bought with NON MEMBER • Non Subscribing Office

Speicher Group

License ID: 324114

+1(808) 495-7345

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