242 S FAIRVIEW AVE Active Save Request In-Person Tour Request Virtual Tour
Upper Darby,PA 19082
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,664 sqft
Price per Sqft $179
MLS Listing ID PADE2084350
Style Contemporary
Year Built 1910
Annual Tax Amount $5,222
Tax Year 2024
Lot Size 2,178 Sqft
Property Sub-Type End of Row/Townhouse
Property Description
Rare Investment Opportunity: Multi-Family Homes in Upper Darby, PA. Introducing a unique investment opportunity at 242 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 4 bedrooms, 2 bathrooms, and 2 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 2 rental units. Income Potential: The current rent from all 2 units totals $2,068per month, with additional income of $200 per month from 2 rented garages (each garage is leased for $100/month). Total Monthly Income: $4,268.00. 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 $2,268.00, this property offers immediate returns, making it a smart addition to any investment portfolio. Multi-Family Setup: Offering two buildings with 2 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. 242 and 244 is selling together. 242 and 244 is selling together. ($299K each property total $598K)
Location
State PA
County Delaware
Area Upper Darby Twp (10416)
Zoning R20
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Exterior
Parking Features Oversized
Garage Spaces 2.0
Water Access N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Upper Darby
Others
Special Listing Condition Standard