100 CHESTER PIKE Under Contract Save Request In-Person Tour Request Virtual Tour
Darby,PA 19023
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,060 sqft
Price per Sqft $91
Subdivision Collingdale
MLS Listing ID PADE2091634
Year Built 1920
Available Date 2025-05-29
Annual Tax Amount $9,456
Tax Year 2024
Lot Dimensions 13.00 x 80.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Investor alert! This fully renovated mixed-use duplex is the turnkey asset your portfolio's been waiting for. Featuring a prime commercial storefront on year 4 of a 10-year net lease—with built-in annual rent increases and a committed tenant already expressing interest in the 5-year extension—this property is a cash-flow machine. The current commercial rent is $1,369.40/month and set to rise to $1,431.02 in October, eventually reaching $1,783.31 by the final lease year. Tenant covers electric, water, and trash, and handles all business-related repairs. The residential and commercial units are separately metered making utility bill backs simple.
The residential unit has 4 bedrooms, 1.5 bathrooms, and a spacious living area. Recently vacated and updated, the home boasts granite countertops, LVP flooring, tile bath/shower, and new appliances including a washer and dryer in the full basement. Previously rented at $1,550, it's ready to command $1,650+ in today's market. With both units rented, you're looking at over $3,000/month in income and a 9% cap rate from day one. Gross annual revenue exceeds $36,000, and with updated systems and stable tenants, this is a true turnkey investment in a prime location. Don't miss your chance to secure a high-performing asset in a growing area!
Location
State PA
County Delaware
Area Collingdale Boro (10411)
Zoning TAXABLE COMMERCIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Luxury Vinyl Plank
Heat Source Electric
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Southeast Delco
Others
Tax ID 11-00-00525-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Bank Portfolio,Cash,Other
Listing Terms Bank Portfolio,Cash,Other
Financing Bank Portfolio,Cash,Other
Special Listing Condition Standard