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Sold for $395,000 on 03/21/24
  • $395,000

    126 S 5th St, Darby, PA 19023

    7beds
    --baths
    3,055sqft
    Townhouse
    Built in 1940
    -- sqft lot
    $436,500 Zestimate®
    $129/sqft
    $2,065 Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: July 15, 2024 at 04:09pm

    Listed by:

    Mike Stranix 610-389-4676,

    Realty Mark Cityscape-King of Prussia,

    Co-Listing Agent: Robert Stranix 610-331-2027,

    Realty Mark Cityscape-King of Prussia

    Bought with:

    NON MEMBER

    Non Subscribing Office

    Source: Bright MLS,MLS#: PADE2051298MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    Basement
    • Area: 0
    Heating
    • Hot Water, Oil, Natural Gas
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 3,055
    • Total interior livable area: 3,055 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 2,614 sqft
    • Dimensions: 25.00 x 99.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 14000090500
    • Zoning: R-40
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Townhouse
    Materials
    • Stucco
    • Foundation: Stone
    Condition
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Darby
    • Municipality: DARBY BORO

    HOA & financial

    Other financial information
    • Total actual rent: 52464

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Ownership: Fee Simple
    Services availability
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