$145,000
$145,000
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1537 RAINER RD Brookhaven, PA 19015
4 Beds
2 Baths
1,298 SqFt
Key Details
Sold Price $145,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,298 sqft
Price per Sqft $111
Subdivision Toby Farms
MLS Listing ID PADE2011016
Sold Date 12/30/21
Style Villa
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,298
Originating Board BRIGHT
Year Built 1970
Annual Tax Amount $1,904
Tax Year 2021
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 30.00 x 100.00
Property Description
High cap opportunity for investors or flippers, a (10) ten-unit, value-add portfolio located throughout Delaware County in Brookhaven, Trainer, Woodlyn, Eddystone, and Chester City. All have consistently passed section 8 and township inspections year over year. The turnkey investment portfolio consists of (2) two single family dwellings, (4) four twins and (4) four townhomes that have equity upside as flips or add to your rental portfolio. The average square footage of the units is 1289 square feet. The average rent per unit is $1329/month. The total portfolio rent roll is $13,292/month and current cap rate is 9%. Expenses per property average out to $3703/per property The current average rent rate in this market is $1515/month (Total portfolio: $15, 150/month). There is an excellent opportunity for an investor to increase rents and increase cap rate to 12%-13% based on current rental rates. Properties are being sold as-is. Buyer responsible for U&O. Tenants are responsible for payment of all utilities except sewer. All buyers must be pre-approved before showings.
Location
State PA
County Delaware
Area Chester Twp (10407)
Zoning RES
Rooms
Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen
Basement Partially Finished
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Wood, Vinyl
Equipment Oven/Range - Gas
Fireplace N
Appliance Oven/Range - Gas
Heat Source Natural Gas
Laundry Basement
Exterior
Fence Chain Link
Water Access N
Roof Type Flat
Street Surface Paved
Accessibility None
Road Frontage Public
Garage N
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Villa
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Chester-Upland
Others
Senior Community No
Tax ID 07-00-00601-06
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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