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2333-2335 W Darby Road

HAVERTOWN, PA 19083
  • $975,000
  • STATUS: Active
  • ON SITE: 105 Days
  • ID#: PADE2024494
UPDATED: 45 min ago
$975,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

School District:

Description

Excellent Value-Add Opportunity: $200 to $300 per Month in Upside with RenovationsExcellent Demographics: Average Household Income $144,288 (1-Mile)Proximity to Major Retailers: Whole Foods, Trader Joe+GGs, Apple, Urban Outfitters and Lifetime Fitness are All within 2.5 MilesPublic Transportation: SEPTA+GGs Norristown High Speed Line Located within Walking DistanceBuilt 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+GGs Norristown High Speed Line and is a 7-minute drive to the Ardmore Station which services both SEPTA+GGs Paoli/Thorndale Line and AMTRAK+GGs 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+GGs 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.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Newman Real Estate Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-13T11:01:16.703.
www.thinknewman.com/homes/128198851
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2333-2335 W Darby Road HAVERTOWN, PA 19083

  • Price: $975,000
  • Status: Active
  • On Site: 105 Days
  • Updated: 45 min ago
  • ID#: PADE2024494
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1925
Built
Neighborhood:
Haverford Twp (10422)
County:
Delaware
Area:
Haverford Twp (10422)
School District:
Haverford Township
Property Description
Excellent Value-Add Opportunity: $200 to $300 per Month in Upside with RenovationsExcellent Demographics: Average Household Income $144,288 (1-Mile)Proximity to Major Retailers: Whole Foods, Trader Joe+GGs, Apple, Urban Outfitters and Lifetime Fitness are All within 2.5 MilesPublic Transportation: SEPTA+GGs Norristown High Speed Line Located within Walking DistanceBuilt 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+GGs Norristown High Speed Line and is a 7-minute drive to the Ardmore Station which services both SEPTA+GGs Paoli/Thorndale Line and AMTRAK+GGs 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+GGs 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.
Exterior Features

Construction Materials BrickMasonry Garage YN No Parking Types On Street Riparian Rights YN No Roof FlatRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6072.00 Cooling Central A/C Heating Baseboard - Hot Water Heating YN Yes Net Square Feet 6072.00

Property Features

Accessibility Features 2+ Access Exits Assessment Year 2022 Business Type Apartment BuildingProfessional Central Air YN Yes Cooling Fuel Other Heating Fuel Other Historic YN No Hot Water Other Municipality Haverford Twp Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 801522869512 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 12406.00 Tax Assessment Amount 508490.00 Vacation Rental YN No Water Source Public Zoning Commercial

Listing courtesy of Tcs Management, Llc.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Newman Real Estate Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-13T11:01:16.703.
 
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Millersville MD, 21108