2,198 SqFt
2,198 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,198 sqft
Price per Sqft $200
Subdivision Sharon Hill
MLS Listing ID PADE2102628
Style Contemporary
Abv Grd Liv Area 2,198
Year Built 2002
Available Date 2025-11-01
Annual Tax Amount $9,384
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50.00 x 115.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Built in 2002/2004 — significantly newer than much of Sharon Hill's housing stock — this property offers lower long-term capital expenditure exposure compared to older multifamily inventory throughout the area. Recent improvements include brand-new kitchens, updated flooring, new roof, and upgraded HVAC systems, making this a true turnkey asset with no deferred maintenance.
The property consists of two spacious 2-bedroom, 1-bath units totaling approximately 2,198 square feet. Additional features include separate utilities, separate laundry hookups for each unit, common basement storage, exterior lighting on timers, rear yard space, and a private four-car driveway situated on a corner lot.
Investment Highlights:
• Gross Annual Rental Income: $43,200
• Verified Annual Operating Expenses: Approximately $10,920
• Projected Net Operating Income (NOI): $32,280/year
• Estimated Cap Rate: 7.3% at $440,000 purchase price
• Unit 1 Rent: $1,800/month through March 31, 2027
• Unit 2 Rent: $1,800/month through June 30, 2026 (renewal pending)
• Tenants pay all utilities — separately metered gas & electric
• Long-term, reliable tenants already in place
• Potential future upside through rent increases
• Seller financing considered for the right structure
Located near SEPTA Regional Rail with convenient access to Philadelphia and surrounding employment hubs, the property benefits from strong rental demand, stable occupancy trends, and an established Delaware County rental market.
Investment package available upon request, including rent roll, lease copies, and expense history.
Location
State PA
County Delaware
Area Sharon Hill Boro (10441)
Zoning R20
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Flooring Carpet
Equipment Built-In Range, Dishwasher, Dryer, Washer, Refrigerator
Fireplace N
Appliance Built-In Range, Dishwasher, Dryer, Washer, Refrigerator
Heat Source Natural Gas
Exterior
Utilities Available Multiple Phone Lines
Water Access N
Roof Type Unknown
Accessibility None
Garage N
Building
Lot Description Front Yard, Rear Yard, SideYard(s)
Foundation Brick/Mortar
Above Ground Finished SqFt 2198
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
Elementary Schools Sharon Hill
High Schools Academy Park
School District Southeast Delco
Others
Tax ID 41-00-00076-00
Ownership Fee Simple
SqFt Source 2198
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES