Listed By:
Realty Mark Cityscape-King of Prussia
Address
126 S 5Th Street, Darby, PA
Price
$ 425,000
Property Attributes
  • ID#PADE2051298
  • TypePending
  • CountyDELAWARE
  • CityDarby
  • AreaDarby Boro
  • Zip19023
  • Style
  • Year Built1940
  • Taxes$ 5179
  • Price$ 425,000
  • Bedrooms7
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,614 SqFt
Data Source:
Bright MLS
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!

Price History
8/2/2023 Listed $425,000

General Features

Sewer Public Sewer
Heating Hot Water
Cooling Window Unit(s)
Possession Subject to Existing Lease
Zoning R-40
Pool Y/N No Pool
Architectural Style Other
Construction Materials Stucco
Year Built 1940
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
OwnerPays Water,Common Area Maintenance
Accessibility None
County DELAWARE
New Construction No
Property Type Multi-Family
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status PENDING
Directions Cross street 5th st and walnut
City DARBY
Buyer Agent Compensation 2.5
High School District WILLIAM PENN
Total Units 4
MLS Area Darby Boro (10414)
Lot Size Square Feet 2614.00
Tax Assessed Value 107110.0
Waterfront Y/N No
Street Name 5TH
Tax Annual Amount 5179.0
Two Bedroom 2
Structure Type End of Row/Townhouse
One Bedroom Units Count 3
Price Per Sq Ft 139.12
Acceptable Financing Conventional,Cash
Vacation Rental Y/N No
Total SQFT 3055
Days on Market 129
Standard Status Pending
Year Built Source Assessor
Tax Lot 370-000
Total Actual Rent 52464.00
School District 300200397351
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Oil,Natural Gas
Hot Water Electric
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N No
LivingAreaSource Assessor

Exterior Features

Water Source Public
Type of Parking On Street
Land Use Code R-40
Foundation Details Stone
Water View Y/N No
Lot Dimensions 25.00 x 99.00
Lot Size Acres 0.06
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 14450.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 19023

Price
AVG $190K
$430K
Taxes
AVG $3,919
$5,179
Visits
AVG 262
359
Data Provided by Inside Real Estate®
Year Built
AVG 1931
1940
Walkscore
AVG 71
63
Data Provided by Walkscore® not using MLS data