$214,350
$199,900
7.2%For more information regarding the value of a property, please contact us for a free consultation.
1,485 SqFt
SOLD DATE : 06/16/2022
Key Details
Sold Price $214,350
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,485 sqft
Price per Sqft $144
MLS Listing ID PADE2025042
Sold Date 06/16/22
Style Other
Abv Grd Liv Area 1,485
Originating Board BRIGHT
Year Built 1927
Annual Tax Amount $3,711
Tax Year 2021
Lot Size 1,307 Sqft
Acres 0.03
Lot Dimensions 16.00 x 75.00
Property Description
242 Kingston Rd is a cash flow king! This triplex is conveniently located within walking distance of 69th street station, the trolley line, and a commercial area. All of the utilities are separate; the only utility paid for by the landlord is water. Each apartment has its own private entrance from the street.
Apt A: Enter from the front, stone porch into the living space of this approximately 640 sq ft one bedroom, one bath unit currently rented for $630/month. It is occupied by a long term tenant on a month-to-month lease.
Apt B: Enter from a separate private entrance on the front porch, into this approximately 742 sq ft two bedrooms, one bath currently rented for $750/month. The tenant is on a month-to-month lease.
Apt C: Enter from a side entrance on Madeira Rd into this approximately 730 sq ft one bedroom, one bath currently rented for $700/month. This unit is occupied by a long term tenant on a month-to-month lease.
Potential Gross Income for the building is $24,960. The annual net operating income is $19,736.98. The cap rate is 9.87% and the gross rent multiplier is 8.0.
Investors, do not miss your opportunity to snag this property before someone else does!
Location
State PA
County Delaware
Area Upper Darby Twp (10416)
Zoning R
Interior
Interior Features Carpet, Ceiling Fan(s), Combination Kitchen/Dining
Hot Water Electric, Natural Gas
Heating Hot Water, Baseboard - Electric
Cooling Ceiling Fan(s)
Equipment Built-In Microwave, Refrigerator, Stove, Oven/Range - Gas
Appliance Built-In Microwave, Refrigerator, Stove, Oven/Range - Gas
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Upper Darby Senior
School District Upper Darby
Others
Tax ID 16-04-01011-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Nawal Ayoub • BHHS Fox&Roach-Newtown Square
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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