Rare opportunity to acquire a fully occupied, turnkey 5-unit multifamily investment asset generating approximately $77,100 gross annual income with estimated NOI of approximately $53,500 and an attractive 9.3% cap rate at asking price. Stabilized long-term tenancy, strong in-place cash flow, and favorable debt-service coverage characteristics position this property well for conventional commercial, DSCR, and multifamily financing options. Investor-friendly unit mix includes three 1BR units and two 2BR units. Extensive recent capital improvements include updated kitchens and bathrooms throughout, newer roof, and newly constructed oversized private deck off Unit D enhancing rental appeal and future income growth potential. Additional income opportunities include on-site laundry, potential garage/storage rental income, future parking expansion possibilities, and possible rear-yard expansion or redevelopment potential subject to buyer’s independent zoning and municipal approvals. Property features a 2-car garage, loft storage area, large multi-vehicle driveway, strong curb appeal, and limited deferred maintenance. Excellent opportunity for investors, local landlords, and 1031 exchange buyers seeking a stabilized, financeable, income-producing multifamily asset with immediate cash flow and long-term upside in a strong Delaware County rental market. Financials, OM, and rent roll available upon request. Serious qualified investors only.
Listed By
Agency Name: Keller Williams Real Estate - Media
Agency Phone: 6105651995
Shown By
Agent Name: Susan Kichman (McGeehan)
Agent Phone: Cell: (717) 439-3254
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
217 White | MLS# PADE2114280
This commercial property located at 217 White , Linwood, PA 19061 is currently listed for sale with an asking price of $575,000. White is located within the CHICHESTER school district. Search Linwood real estate on susan-kichman.homesale.com today.