GEORGE MANOLAKOS

Description

Rare Investment Opportunity: Two Multi-Family Homes in Upper Darby, PA. Introducing a unique investment opportunity at 242 and 244 S Fairview Ave, located in the highly sought-after Highland Park section of Upper Darby, PA. These two well-maintained multi-family homes are being sold together, offering a total of 8 bedrooms, 4 bathrooms, and 4 garage spaces, perfect for investors or buyers seeking reliable rental income. Property Features: Units: Two side-by-side homes, each featuring 2 spacious 2-bedroom, 1-bathroom apartments for a total of 4 rental units. Income Potential: The current rent from all 4 units totals $4,136 per month, with additional income of $400 per month from 4 rented garages (each garage is leased for $100/month). Total Monthly Income: $4,536. Basements & Backyards: Both homes offer full basements with ample storage potential, as well as private backyards for tenants to enjoy. Location Highlights: Desirable Highland Park Neighborhood: Situated in a well-established, vibrant area of Upper Darby Township, this property is ideal for families, students, and professionals. Convenience at Your Doorstep: Close proximity to schools, public transportation (bus and trolley), shopping centers, dining options, and parks, making it an excellent choice for tenants looking for convenience and comfort. Investment Appeal: Strong Cash Flow: With a combined monthly rental income of $4,536, this property offers immediate returns, making it a smart addition to any investment portfolio. Multi-Family Setup: Offering two buildings with 4 units total, this property provides multiple income streams in a high demand rental market. Growth Potential: The property is situated in a growing area with easy access to transportation and local amenities, which could lead to continued demand and rental rate appreciation over time. Additional Information: Garages: Four separate garages are currently rented, offering supplementary income and added value to the property. Condition: Both homes are well-maintained, with tenants already in place and generating income. Further details on the condition and recent upgrades can be provided upon request. This is a rare chance to acquire two multi-family homes in one of Upper Darby’s most desirable neighborhoods. Whether you’re a seasoned investor or looking for your first income property, this is a must-see! Call today to schedule a showing or for more details. 244 and 242 S Fairview is selling together. ($299K each property total $598K)

Features