Tucked into one of the most desirable suburban neighborhoods, this beautifully maintained five-unit property offers both timeless character and reliable incomean ideal combination for any investor. Located on a quiet, tree-lined street surrounded by well-kept homes and a welcoming community, it blends residential charm with strong investment fundamentals. Set on a generous and well-kept piece of land, the property features classic curb appeal along with the potential for two dedicated parking spotsan added convenience for tenants and a valuable perk for long-term ownership. Inside, the building is well taken care of, with clean, well-lit common hallways and original wood handrails that bring warmth and historic charm to the space. The unit mix includes two spacious two-bedroom apartments, one one-bedroom unit, and two studioseach self-contained and thoughtfully updated to attract quality tenants. A shared community basement offers convenient on-site laundry and additional storage, further enhancing the tenant experience. With all units currently leased and generating approximately $66,600 in annual rental income, this is a true turnkey investment offering immediate cash flow. Its unbeatable location near parks, schools, shopping, and major commuter routes makes it an incredibly rare opportunity in a high-demand areaperfect for investors seeking a low-maintenance property with long-term value.
MLS # | PADE2089812 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Status | Active Under Contract-bright |
Year | 1900 |
Days On Site | 57 |
Listing Provided By | KW Empower | John J Gauntlett IV |
Units | 5 |
---|---|
Zoning | RES |
Acreage | 0.19 |
Cooling | None |
---|---|
Heating Yes / No | Yes |
Heating | Hot Water |
Construction Materials | Aluminum Siding |
---|---|
Foundation Details | Stone |
Garage Yes / No | No |
---|---|
Parking Features | Private |
Utilities | Natural Gas Available |
---|---|
Sewer | Public Sewer |
Tax Annual Amount | 12080 |
---|
State | PA |
---|---|
County | DELAWARE PA |
City | RIDLEY PARK |
Zip Code | 19078 |
Area | Ridley Park Boro (10437) |
School District | RIDLEY |