517 WILDE AVE Under Contract Save Request In-Person Tour Request Virtual Tour
Drexel Hill,PA 19026
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,071 sqft
Price per Sqft $113
MLS Listing ID PADE2086276
Style Colonial
Year Built 1927
Annual Tax Amount $8,032
Tax Year 2024
Lot Size 7,840 Sqft
Property Sub-Type Detached
Property Description
Welcome to this fantastic income-producing duplex in the heart of Drexel Hill! The first-floor unit is a spacious 2-bedroom, 2-bath apartment featuring a large living room and dining area, along with a generous eat-in kitchen that offers ample cabinet and counter space for storage and meal preparation. Just off the kitchen, a separate laundry room includes a large closet that can be used as a pantry or additional storage. This unit also has basement access, where the second bathroom and extra storage space are located. Currently, it is rented on a month-to-month basis for $1,500 per month.
The second unit is a newly renovated bi-level apartment occupying the second and third floors. As you walk up to the second floor, you'll find a spacious living room, a modern eat-in kitchen with new cabinets and countertops, and an in-unit laundry area. This level also includes one bedroom and a full bathroom, with access from both the bedroom and hallway. The third floor features three additional generously sized bedrooms and a second full bath with a shower stall. Like the first unit, this apartment has separate utilities, all paid by the tenants. It is currently rented on a month-to-month basis for $1,750 per month.
The property boasts a large backyard and a driveway with parking for six or more cars. Conveniently located near major routes including RT1, Baltimore Pike, the Blue Route, and I-95, the home is also within walking distance of public transportation. Nearby amenities include schools, parks, playgrounds, shopping, and a variety of local dining options, such as Artillery Brewing, Station Tap, Hanrahan's Irish Pub, and Ming's Coffee & Tea.
Both units are currently rented below market value, with 2-bedroom units in the area renting for up to $1,800 per month and 4-bedroom units exceeding $2,000 per month. This property has the potential to generate over $4,000 per month in rental income, making it an excellent investment opportunity!
Location
State PA
County Delaware
Area Upper Darby Twp (10416)
Zoning RES
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Equipment Oven/Range - Gas,Refrigerator,Washer,Water Heater,Dryer
Exterior
Exterior Feature Porch(es)
Garage Spaces 6.0
Water Access N
Roof Type Shingle
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Garrettford
Middle Schools Drexel Hill
High Schools Upper Darby Senior
School District Upper Darby
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard