7201 WAYNE AVENUE
Property Description
Fantastic income-producing opportunity at 7201 Wayne Ave in Upper Darby! This large detached multi-family property is situated on a corner lot and is currently generating $4,400 per month in rental income, with all occupants on month-to-month agreements and tenants paying their own utilities.The property is currently a legally approved duplex, with the process underway to legalize the finished lower level as a third unit. The first-floor unit rents for $1,550/month, and the second-floor unit rents for $1,550/month. Each upper unit offers approximately 1,500 square feet of living space with 2 spacious bedrooms, a full bathroom, large living room, formal dining room, kitchen, and a bonus den currently being used as an additional bedroom. The kitchens and bathrooms are older but well maintained and in good condition.The finished lower level, currently rented for $1,300/month, features 2 bedrooms, a full bathroom, kitchen, separate entrance, and separate utilities. The property has separate utility metering, and tenants pay all utilities, helping make this an attractive income-producing investment. Recent improvements include replacement water heaters and fresh interior paint.Outside, you'll find a large backyard, attractive front yard, 2-car garage, and driveway, with parking areas shared by the occupants.The location adds even more valuejust a block from Upper Darby Township's main public library and public transportation, within walking distance of middle and high schools, with an elementary school bus stop conveniently located in front of the property. Shopping, grocery stores, restaurants, and other everyday conveniences are nearby. Approximately 5 miles from Center City Philadelphia and less than 4 miles from the University of Pennsylvania, Drexel University, and major University City hospitals.Whether you're looking to expand your investment portfolio or purchase a multi-family property with strong existing income and additional future potential, 7201 Wayne Ave deserves your attention. Schedule your showing today!
Broker Details
Berkshire Hathaway HomeServices Fox & Roach, Realtors 267-278-3238
MLS ID: 407128
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $475,000 |
| Year Built: | 1920 |
| Lot Size: | 4,150.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FOXROACH-PADE2123898
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