480 Burnley Ln - Apartments FOR SALE


Drexel Hill, PA 19026
$600,000 USD
610-329-0523
480 Burnley Ln, Drexel Hill, PA for Sale
$600,000 USD
Apartments - FOR SALE
1/12
null | 6.87% Cap Rate

480 Burnley Ln
Drexel Hill, PA 19026


HIGHLIGHTS

  • Quiet Neighborhood
  • Street Parking
  • Local Amenities
  • Fully Leased
  • Two Bedroom Units w/1 Bath
  • Tenants Pay for their own utilites

OVERVIEW

Key Features: • Individually Metered Units: Each apartment is separately metered, including water, with all utilities the responsibility of the tenants, maximizing your income potential. • Private Entrances: Each unit has its own private entrance, providing added privacy and convenience for tenants. Three of the four units are located at street level. • Recent Renovations: The property has been updated with modern finishes, including renovated kitchens and bathrooms. • Central Air: Each unit is equipped with central air, ensuring comfort for tenants year-round. • On-Site Laundry: Each apartment includes its own private laundry facilities. • Fire Alarm System: Enhanced safety with a fire alarm system in place. • New Roof & Exterior: The property features a newer roof, fresh siding, and concrete patios, reducing future maintenance costs. • Off-Street Parking: Ample off-street parking for tenants. • Large Basement with Side Entrance: Provides potential for additional storage or future development. The location is within walking distance to public transportation, ensuring a steady flow of potential tenants. This low-maintenance property allows you to sit back, collect rent, and enjoy consistent cash flow. Schedule an appointment today and make an offer! This turnkey property is ready to generate passive income for a savvy investor.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

4

PRICE/UNIT

$150,000

CAP RATE

6.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

480 Burnley Lane | Drexel Hill | PA 19026

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-40

APN/PARCEL ID

16-11-00765-00

ASK ABOUT THIS PROPERTY

Abigail ManeroWayne Realty CorporationMore Info
610-329-0523

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Abigail ManeroWayne Realty CorporationMore Info
610-329-0523

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.