- – beds
- – baths
- 3,060 sqft
- $91 per sqft
- 1920 build
Investor alert! This fully renovated mixed-use duplex is the turnkey asset your portfolio’s been waiting for. Featuring a prime commercial storefront on year 4 of a 10-year net lease—with built-in annual rent increases and a committed tenant already expressing interest in the 5-year extension—this property is a cash-flow machine. The current commercial rent is $1,369.40/month and set to rise to $1,431.02 in October, eventually reaching $1,783.31 by the final lease year. Tenant covers electric, water, and trash, and handles all business-related repairs. The residential and commercial units are separately metered making utility bill backs simple. The residential unit has 4 bedrooms, 1.5 bathrooms, and a spacious living area. Recently vacated and updated, the home boasts granite countertops, LVP flooring, tile bath/shower, and new appliances including a washer and dryer in the full basement. Previously rented at $1,550, it’s ready to command $1,650+ in today’s market. With both units rented, you’re looking at over $3,000/month in income and a 9% cap rate from day one. Gross annual revenue exceeds $36,000, and with updated systems and stable tenants, this is a true turnkey investment in a prime location. Don’t miss your chance to secure a high-performing asset in a growing area!
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Last updated Jun 1, 2025
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MLS# PADE2091638 —
The Building
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Year Built:1920
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Year Built Source:Estimated
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Year Major Reno/Remodel:2023
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Roof:Flat
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New Construction:No
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Construction Materials:Other
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Building Levels:3
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Building Units Total:2
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Structure Type:Detached
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Architectural Style:Other
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Accessibility Features:None
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Foundation Details:Stone
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Total SqFt Source:Estimated
Interior
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Interior Features:Upgraded Countertops, Store/Office
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Flooring Type:Luxury Vinyl Plank
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3060
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Living Area SqFt:3,060 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Bank Portfolio, Cash, Other
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Possession:0-30 Days CD, Immediate
Location
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Directions:Travel south on Chester Pike. Property will be on corner of Chester Pike and Pine St.
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Cross Street:Pine St
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Latitude:39.91551000
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Longitude:-75.26511000
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Location Type:Suburban
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Excellent
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Lot Size Units:Square Feet
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Lot Size Source:Estimated
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Lot Size Dimensions:13.00 x 80.00
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Lot Dimensions Source:Estimated
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Lot SqFt:0 Sqft
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Exclusions:Tenant owned property and fixtures
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Zoning:TAXABLE COMMERCIAL
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Other Structures:Above Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (732) 986-6720
- Office phone:
- (302) 738-2300
Taxes
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Tax ID Number:11-00-00525-00
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Tax Year:2024
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Tax Lot:415-000
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Tax Annual Amount:$9,456
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Tax Assessed Value:$212,700
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Year Assessed:2025
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School Tax:6651.0
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County Tax:823.00
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City/Town Tax:1981.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Appliances
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Appliances:Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Schools
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School District Name:Southeast Delco
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School District Source:Listing Agent
The Community
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Subdivision Name:Collingdale
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Pool:No Pool
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Association Recreation Fee:No
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Cap Rate:9.00
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Other Units:Unit 1,Unit 2
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/28/25
May 28, 2025
|
Listed / Active | BRIGHT | $280,000 |