BEDS0
BATHS
MLS#PADE2124898
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONCOBBS CREEK
SCHOOLWILLIAM PENN
Property Description
12-UNIT DELCO VALUE-ADD | ONLY $68,750 PER UNIT | $119,556 FULL-OCCUPANCY RENT | $825,000 Attention Investors & Syndicators: High-Occupancy 12-Unit Multifamily Investment with Immediate Value-Add Opportunity! 1 N. 2nd Street in Darby, PA is a three-story stone and masonry apartment building consisting of six studios and six one-bedroom units. The property features updated units and is currently 11 of 12 units occupied. INVESTMENT HIGHLIGHTS: • $9,250/month ($111,000/year) in current gross rental income • $9,963/month ($119,556/year) at full occupancy based on the vacant unit’s most recent rent • $51,669.03 2025 NOI • 6.3% cap rate at the $825,000 asking price • Tenants pay their own electric; landlord pays water • Dedicated off-street parking lot The property provides immediate cash flow with additional income potential from leasing the vacant unit. Several existing rents are also below the building’s highest current rents, providing potential for future rental growth. The property is well positioned with off-street parking and easy access to public transportation.
Property Features
Property Type: Commercial -
Cooling: None
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.29 Acres
Taxes: $26,644
Year Built: 1900
Feature Descriptions
Exterior: Combination
Lot Dimensions: 0.29 Acre(S)
Municipality: DARBY BORO
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 12
Water: Public
Local Schools
School District: WILLIAM PENN
Listed By / Shown By
Listed By
Agency Name: BHHS Fox & Roach-Jenkintown
Agency Phone: 2158870400
Shown By
Agent Name: Laura McDaniel
Agent Phone: Cell: (717) 479-1006
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
1 N 2nd Street, Unit APT | MLS# PADE2124898
This commercial property located at 1 N 2nd Street, Unit APT, Darby, PA 19023 is currently listed for sale with an asking price of $825,000. N 2nd Street, Unit APT is located within the WILLIAM PENN school district. Search Darby real estate on lauramcdaniel.homesale.com today.