PA > Upper Darby
Upper Darby, PA 19082,242 S FAIRVIEW AVE
Upper Darby, PA 19082,242 S FAIRVIEW AVE
Upper Darby, PA 19082,242 S FAIRVIEW AVE
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John Coleman

John Coleman

Coleman Residential

+1(202) 427-9689
Listed by Mohammad Nurul Islam • BHHS Fox&Roach-Newtown Square
$299,000
Est. payment /mo
1,664 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,664 sqft

Price per Sqft $179

MLS Listing ID PADE2084350

Style Contemporary

Abv Grd Liv Area 1,664

Year Built 1910

Annual Tax Amount $5,222

Tax Year 2024

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 17.40 x 130.00

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

Rare Investment Opportunity: Multi-Family Homes in Upper Darby, PA. Introducing a unique investment opportunity at 242 S Fairview Ave, located in the highly sought-after Highland Park section of Upper Darby, PA. These two well-maintained multi-family homes are being sold together, offering a total of 4 bedrooms, 2 bathrooms, and 2 garage spaces, perfect for investors or buyers seeking reliable rental income. Property Features: Units: Two side-by-side homes, each featuring 2 spacious 2-bedroom, 1-bathroom apartments for a total of 2 rental units. Income Potential: The current rent from all 2 units totals $2,068per month, with additional income of $200 per month from 2 rented garages (each garage is leased for $100/month). Total Monthly Income: $4,268.00. Basements & Backyards: Both homes offer full basements with ample storage potential, as well as private backyards for tenants to enjoy. Location Highlights: Desirable Highland Park Neighborhood: Situated in a well-established, vibrant area of Upper Darby Township, this property is ideal for families, students, and professionals. Convenience at Your Doorstep: Close proximity to schools, public transportation (bus and trolley), shopping centers, dining options, and parks, making it an excellent choice for tenants looking for convenience and comfort. Investment Appeal: Strong Cash Flow: With a combined monthly rental income of $2,268.00, this property offers immediate returns, making it a smart addition to any investment portfolio. Multi-Family Setup: Offering two buildings with 2 units total, this property provides multiple income streams in a high demand rental market. Growth Potential: The property is situated in a growing area with easy access to transportation and local amenities, which could lead to continued demand and rental rate appreciation over time. Additional Information: Garages: Four separate garages are currently rented, offering supplementary income and added value to the property. Condition: Both homes are well-maintained, with tenants already in place and generating income. Further details on the condition and recent upgrades can be provided upon request. This is a rare chance to acquire two multi-family homes in one of Upper Darby's most desirable neighborhoods. Whether you're a seasoned investor or looking for your first income property, this is a must-see! Call today to schedule a showing or for more details. 242 and 244 is selling together. 242 and 244 is selling together. ($299K each property total $598K)

Location

State PA

County Delaware

Area Upper Darby Twp (10416)

Zoning R20

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Window Unit(s)

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Oversized

Garage Spaces 2.0

Water Access N

Accessibility 2+ Access Exits

Total Parking Spaces 2

Garage Y

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Upper Darby

Others

Tax ID 16-07-00416-00

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
agent
John Coleman

REALTOR® | OWNER | License ID: SP98375761

+1(202) 427-9689 | john@colemanresidential.com

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