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USAPACollingdaleCollingdale100 Chester Pike
100 Chester Pike, Home with 0 bedrooms, 0 bathrooms and null parking in COLLINGDALE PA | Image 1
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$280,000

100 Chester Pike, Collingdale, PA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 3060 sqft
Garage No
Taxes $9,456
Days Active 17
Lot Size 
Approx. Age 1920
Avg. Price Per Sqft $91
MLS® Number PADE2091638

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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!Show Description
MLS® NumberPADE2091638
Laundry Level
Central VacNo
FireplaceNo
Acreage0
Exterior
GarageNo
Approx. Age1920
Basement
DrivewayNone
Garage Spaces
HeatBaseboard - Electric, Electric
A/CWindow Unit(s)
Heating Fuel

Extras

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