Crum Lynne, PA 19022
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Crum Lynne, PA 19022
$225,0009 Units
0.030000 Acres
Property Details
Great investment opportunity with a 10.7% CAP rate at asking price. 20 percent Cash-on-Cash Return to potential buyer. Nine unit building with historically maintained 100% occupancy rates, and the seller has achieved a 5 percent increase in rental rates over the past 6 months. Every unit renovated in 2000. Each unit has it's own Circuit Breaker. Additional upside potential in the rents if a new buyer upgrades kitchens, baths and common areas. Property conveniently located within close proximity to local bus routes as well as SEPTA Regional Rail lines. Major employment centers such as Boeing, Philadelphia International Airport and Harrah's Chester area all situated within a few miles of the subject properties. A large portion of the tenant base is drawn from these employers.
- Property Type Multi-Family
- Building Floors 3.00
- Design Other
- Gross Square Feet 3224
- Land Square Feet 1430
- Total Units 9
- Property Age 112
- County DELAWARE
- Subdivision EDDYSTONE VILLAGE
Community & Schools
- School District Ridley
Interior Features
- Basement Y
- Basement Type Partial
- Studio Efficiency Unit Count 7
- Two Bedroom Unit Count 1
- Baths Full Unit 1 1
- Unit 1 Interior Sq Ft 400
- Baths Full Unit 2 1
- Unit 2 Interior SqFt 400
- Baths Full Unit 3 1
- Unit 3 Interior Sq Ft 400
- Baths Full Unit 4 1
- Unit 4 Interior Sq Ft 400
- Baths Full Unit 5 1
- Unit 5 Interior SqFt 400
- Baths Full Unit 6 1
- Unit 6 Interior SqFt 400
- Baths Full Unit 7 1
- Unit 7 Interior SqFt 400
- Baths Full Unit8 1
- Beds Unit 8 1
- Unit 8 Interior SqFt 700
- Baths Full Unit 9 1
- Beds Unit 9 2
- Unit 9 Interior Sq Ft 900
Exterior Features
- Water Front N
- Exterior Stucco
- Has Garage Flag N
- Garage Spaces NoGarage
- Parking Street
Appliances & Utilites
- Central Air N
Financial Details
- Unit 1 Monthly Rent 390.00
- Unit 2 Monthly Rent 425.00
- Unit 3 Monthly Rent 430.00
- Unit 4 Monthly Rent 430.00
- Unit 5 Monthly Rent 430.00
- Unit 6 Monthly Rent 420.00
- Unit 7 Monthly Rent 420.00
- Unit 8 Monthly Rent 525.00
- Unit 9 Monthly Rent 725.00
- Annual Heating Expense 3694.00
- Annual Insurance Expense 1277.00
- Annual Maintanance Expense 4500.00
- Annual Other Expense 7406.00
- Annual Water Sewer Expense 2818.00
- Tax Year 2011
- Total Assessment 80030.00
- Total Taxes 4539.00
Miscellaneous Details
- New Construction N
- Type SingleBldg
Map & Directions
I-95 S via ramp on Left to Int'l Air. Exit 9A, merge to PA420 Essington, Right onto PA 291 W/Industrial Hwy, Left onto Saville Ave. Right onto E 2nd
Map for Crum Lynne, PA 1902239.8543337-75.3409655
Map locations are not exact and are meant to be an estimated reference only.
In addition to this Multi-Family real estate property, we have hundreds of addtional Crum Lynne real estate listings and homes for sale and Delaware County real estate listings and homes for sale.
