217 White Ave, Linwood, PA 19061
Property Details
Description
*NOTICE: This is a legal 5-unit commercial multifamily asset. Due to MLS data entry constraints, it is flagged as a 4-unit in this residential sub-category.Full 5-unit details are published under primary Commercial MLS#PADE2114280 Rare opportunity to acquire a fully occupied, turnkey 5-unit multifamily investment asset generating approximately $77,100 gross annual income with estimated NOI of approximately $53,500 and an attractive 9.3% cap rate at asking price. Stabilized long-term tenancy, strong in-place cash flow, and favorable debt-service coverage characteristics position this property well for conventional commercial, DSCR, and multifamily financing options. Investor-friendly unit mix includes three 1BR units and two 2BR units. Extensive recent capital improvements include updated kitchens and bathrooms throughout, newer roof, and newly constructed oversized private deck off Unit D enhancing rental appeal and future income growth potential. Additional income opportunities include on-site laundry, potential garage/storage rental income, future parking expansion possibilities, and possible rear-yard expansion or redevelopment potential subject to buyer's independent zoning and municipal approvals. Property features a 2-car garage, loft storage area, large multi-vehicle driveway, strong curb appeal, and limited deferred maintenance. Excellent opportunity for investors, local landlords, and 1031 exchange buyers seeking a stabilized, financeable, income-producing multifamily asset with immediate cash flow and long-term upside in a strong Delaware County rental market. Financials, OM, and rent roll available upon request. Serious qualified investors only.
PROPERTY DETAILS: Square Feet: 5100
INTERIOR FEATURES: • Square Footage (approx): 5,100 Sq. Ft. Above Ground, Sq. Ft. Below Ground • Flooring: Vinyl, Laminate, Carpet • Cooling: Electric, Window Unit(s) • Heating: Gas Heat, Radiant, Hot Water • Plumbing: Gas Water Heater • Basement: Partial • Security: Smoke Detector(s), Carbon Monoxide Detector(s)
EXTERIOR FEATURES: • Parking: 2 Garage Spaces, 8 Parking Spaces, On Street, Private, Garage, Driveway, Detached Garage. • Exterior: Vinyl, Aluminum • Patio: Porch, Deck • Roof: Shingle • Pool Description: None • Lot View: Garden/Lawn • Lot Dimensions: 108.00 x 200.00 • Zoning: R-90 MULTIPLE DWELLINGS • Additional Exterior/Lot Features: Porch, Deck Level, Front Yard, Back Yard
LISTING AGENT: Agent: Michael Gennett | Office: Keller Williams Real Estate - Media | Phone: 4844681308 | Email: [email protected]
LISTING INFORMATION: MLS#: PADE2115394 | Status: FOR SALE
Location
Address
217 White Ave
City
Linwood
Features and Finishes
Interior Features:
• Square Footage
(approx): 5,100 Sq. Ft. Above Ground, Sq. Ft. Below Ground
• Flooring: Vinyl, Laminate, Carpet
• Cooling: Electric, Window Unit(s)
• Heating: Gas Heat, Radiant, Hot Water
• Plumbing: Gas Water Heater
• Basement: Partial
• Security: Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features:
• Parking: 2 Garage Spaces, 8 Parking Spaces, On Street, Private, Garage, Driveway, Detached Garage.
• Exterior: Vinyl, Aluminum
• Patio: Porch, Deck
• Roof: Shingle
• Pool Description: None
• Lot View: Garden/Lawn
• Lot Dimensions: 108.00 x 200.00
• Zoning: R-90 MULTIPLE DWELLINGS
• Additional Exterior/Lot Features: Porch, Deck Level, Front Yard, Back Yard
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