1 N 2nd Street , Unit APT
Darby, PA 19023
12-UNIT DELCO VALUE-ADD | ONLY $68,750 PER UNIT | $119,556 FULL-OCCUPANCY RENT | $825,000 Attention Investors & Syndicators: High-Occupancy 12-Unit Multifamily Investment with Immediate Value-Add Opportunity! 1 N. 2nd Street in Darby, PA is a three-story stone and masonry apartment building consisting of six studios and six one-bedroom units. The property features updated units and is currently 11 of 12 units occupied. INVESTMENT HIGHLIGHTS: • $9,250/month ($111,000/year) in current gross rental income • $9,963/month ($119,556/year) at full occupancy based on the vacant unit’s most recent rent • $51,669.03 2025 NOI • 6.3% cap rate at the $825,000 asking price • Tenants pay their own electric; landlord pays water • Dedicated off-street parking lot The property provides immediate cash flow with additional income potential from leasing the vacant unit. Several existing rents are also below the building’s highest current rents, providing potential for future rental growth. The property is well positioned with off-street parking and easy access to public transportation.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: BHHS Fox & Roach-Jenkintown
Agency Phone: 2158870400
Shown By
Agent Name: Patty Armellino
Agent Phone: (570) 947-8445
Agency Title: Lewith & Freeman
AGENT INFORMATION
Lewith & Freeman Patty Armellino (570) 947-8445
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1 N 2nd Street , Unit APT | MLS# PADE2124898
This commercial property located at 1 N 2nd Street , Unit APT, Darby, PA 19023 is currently listed for sale with an asking price of $825,000. N 2nd Street , Unit APT is located within the WILLIAM PENN school district. Search Darby real estate on parmellino.lewith-freeman.com today.