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185-Units Multifamily - Delaware County

$25,000,000 USD

Multifamily For Sale  •  158,670 SF

6 Properties View all

Property Details

• Property Type Multifamily

70 Transit Score

70 Walk Score

Highlights

Management Efficiency: Current operations are above market; Ability to significantly reduce expenses through streamlined management operations

Strong Value-Add: Rents are 10% to 15% below market; Complete minor upgrades to kitchens and baths, and increase rent

Favorable Unit Mix: (12) Studios, (81) one-bedroom, and (92) two-bedroom layouts appeal to a wide renter base

High Barriers to Entry: Delaware County offers strong rental demand with occupancy upwards of 95%

Excellent Location: Easy access to Route 1, Route 3, Baltimore Avenue, and I-476 (Blue Route)

Public Transportation

Commuter Rail	Drive	Walk	Distance
Philadelphia 30th Street (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit))	22 min	-	7.6 mi
Transit/Subway	Drive	Walk	Distance
Lansdowne (R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	1 min	3 min	0.2 mi
Gladstone (R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	6 min	18 min	1.0 mi
Airport	Drive	Walk	Distance
Philadelphia International	18 min	-	6.7 mi