242 Kingston Rd, Upper Darby, PA 19082

242 Kingston Rd is a cash flow king! This triplex is conveniently located within walking distance of 69th street station, the trolley line, and a commercial area. All of the utilities are separate; the only utility paid for by the landlord is water. Each apartment has its own private entrance from the street. Apt A: Enter from the front, stone porch into the living space of this approximately 640 sq ft one bedroom, one bath unit currently rented for $630/month. It is occupied by a long term tenant on a month-to-month lease. Apt B: Enter from a separate private entrance on the front porch, into this approximately 742 sq ft two bedrooms, one bath currently rented for $750/month. The tenant is on a month-to-month lease. Apt C: Enter from a side entrance on Madeira Rd into this approximately 730 sq ft one bedroom, one bath currently rented for $700/month. This unit is occupied by a long term tenant on a month-to-month lease. Potential Gross Income for the building is $24,960. The annual net operating income is $19,736.98. The cap rate is 9.87% and the gross rent multiplier is 8.0. Investors, do not miss your opportunity to snag this property before someone else does! 2022-06-17