For more information or a personal tour call John & Mary now at 302-740-5872
Listing IDPADE2024494
Sold For$875,000
SqFt
6,072
Acres
0.050
StatusCLOSED
CountyDelaware
Year Built1925
Property TypeCommercial Sale
Property Sub TypeMixed Use
Excellent Value-Add Opportunity: $200 to $300 per Month in Upside with Renovations
Excellent Demographics: Average Household Income $144,288 (1-Mile)
Proximity to Major Retailers: Whole Foods, Trader Joe’s, Apple, Urban Outfitters and Lifetime Fitness are All within 2.5 Miles
Public Transportation: SEPTA’s Norristown High Speed Line Located within Walking Distance
Built in 1925, the Darby Road property is comprised of two contiguous buildings each containing two apartments on top of a 1,200 SF commercial space. Cold water and sewer are included in the rent, and heat, hot water, and electric are separately metered and paid by the tenant. The property offers an attractive unit mix with 75% studio units and 25% one-bedroom units. Current ownership has renovated one of the studio units and has achieved a rent $200 more than the non-renovated studio units. This presents an excellent value-add opportunity for a new owner to continue renovating the remainder of the units and raise rents by $200 to $300 per unit.
The Darby Road property is conveniently located near West Chester Pike (Route 3), City Avenue (Route 1), Lancaster Avenue (Route 30) Interstate-476 and Interstate-76. The property is a short walk to SEPTA’s Norristown High Speed Line and is a 7-minute drive to the Ardmore Station which services both SEPTA’s Paoli/Thorndale Line and AMTRAK’s Keystone Line. Additionally, the property affords residents excellent access to employment centers, shopping and abundant amenities of suburban Philadelphia. The property is located less than one mile of Merion Golf Club, the 6th best golf course in the United States (Gold Digest). Additionally, it is less than 10 minutes of Suburban Square, an open-air shopping mall with some of the area’s best restaurants, boutiques, and live events.
2333-35 West Darby Road offers a new owner an excellent value-add opportunity to acquire four apartments and two street-level commercial spaces in Havertown, Pennsylvania.
County
Delaware
Price/SqFt
144.1
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1925
Zoning
COMMERCIAL
Building Total SqFt Source
Estimated
Central Air
yes
Cooling Type
Central A/C
Heating
yes
Heating Type
Baseboard - Hot Water
Building Units Total
6
Construction Materials
Brick, Masonry
Cooling Fuel
Other
Heating Fuel
Other
Hot Water
Other
Lot Size Source
Estimated
Lot Size Units
Square Feet
New Construction
no
Roof
Flat, Rubber
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
Haverford Twp (10422)
Municipality
HAVERFORD TWP
Waterfront
no
Accessibility Features
2+ Access Exits
Base Off Market Date
2022-08-15T00:00:00+00:00
Business Type
Apartment Building, Professional
Days on Market
109
Historic
no
Potential Tenancy
Multiple
Property Manager
N
Year Assessed
2022
Year Built Source
Estimated
Association Recreation Fee
N
Automatically Update Tax Values
no
Buyer Financing
Cash
Ground Rent Exists
no
Net SqFt
6072
Ownership Interest
Fee Simple
Possession
Settlement
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
12406
Tax Assessed Value
508490
Tax Opportunity Zone
N
Tax Year
2022
Vacation Rental
no
Listing courtesy of TCS Management, LLC 2154315652
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of TCS Management, LLC. Data last updated on Thursday, April 18th, 2024 06:17:51 PM.
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of TCS Management, LLC. Data last updated on Thursday, April 18th, 2024 06:17:51 PM.
Contact - Listing ID PADE2024494
John Luca
88 Lantana Dr.
Hockessin, DE 19707
Phone: 3029996966
Phone Alt: 3027405872
Data services provided by IDX Broker