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Darby,PA 19023
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,060 sqft
Price per Sqft $91
Subdivision Collingdale
MLS Listing ID PADE2091634
Year Built 1920
Available Date 2025-05-29
Annual Tax Amount $9,456
Tax Year 2024
Lot Dimensions 13.00 x 80.00
Property Sub-Type Mixed Use
Source BRIGHT
Property 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!
Location
State PA
County Delaware
Area Collingdale Boro (10411)
Zoning TAXABLE COMMERCIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Luxury Vinyl Plank
Heat Source Electric
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Southeast Delco
Others
Tax ID 11-00-00525-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Bank Portfolio,Cash,Other
Listing Terms Bank Portfolio,Cash,Other
Financing Bank Portfolio,Cash,Other
Special Listing Condition Standard