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Show me the money! Are you looking to generate steady cash flow? This property, located in a residential neighborhood, presents as an excellent investment opportunity. This updated multiplex is a 5-Unit building, with a detached garage, and wonderful large lot. This building has separate entrances for ALL units, including 3 one-bedroom, and 2 two-bedroom units. Unit A (1 Bedroom) -$1,100, Unit B (1 Bedroom) -$1,200, Unit C (1 Bedroom) - $1,100, Unit D (2 Bedroom) - $1000. Unit E (2 Bedroom) $1,450. Unit C has separate baseboard heat that is paid through their electric bill. All other units have gas heat, which is paid by owner. Owner also pays water, and hot water for all units. There is a common area, coin-operated washer and dryer on the premises. Gross Income $70,200. Taxes $10,289, Insurance $2,000, Maintenance $3,940, Utilities $5,356, total expenses $ 21,585 with a net operating income of $48,615. This property has many upgrades and long terms tenants. Serious inquiries only. For lending purposes, please be aware that this property is considered "commercial" because it is a 5-unit building. This also means that there is no property disclosure. (please note that utility and water costs can fluctuate, and should be expected to rise, like everything else!)
Property Type(s):
Commercial
| Last Updated | 2/26/2025 | Tract | MARSHALL TERRACE |
|---|---|---|---|
| Year Built | 1942 | Community | Lower Chichester Twp (10408) |
| County | DELAWARE |
SCHOOLS
| School District | CHICHESTER |
|---|---|
| High School | CHICHESTER SENIOR |
Additional Details
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Lower Chichester Twp (10408) |
| HEAT | Hot Water, Natural Gas |
| LOT | 0.57 acre(s) |
| LOT DESCRIPTION | Back Yard, Front Yard, Level |
| PARKING | On Street, Driveway |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | MARSHALL TERRACE |
| TAXES | 10289 |
| UTILITIES | Water Available, Sewer Available, Natural Gas Available |
| WATER | Public |
Location
Listing provided by BHHS Fox & Roach-Media
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Data last updated: 4/18/25 10:08 AM PDT
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