507 Delaware Avenue
Property Description
Stunning turnkey investment property in Historic Portland. This beautifully maintained property offers breathtaking views of the Delaware River and walking bridge from Second fl. With all units currently rented, this income producing building features 5 units in total. 3 one bedroom apartments upstairs, a two bedroom unit on first floor and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term well-established. Recent upgrades include new electrical panel boxes installed in the 3 second floor units new flooring in hall. new electric service at meter box sewer pipes in basement converted to PVC, Upgraded lighting in 2nd fl hallway, installed emergency lighting and illuminated exit signs, installed missing GFCI outlets, installed handrail on fron steps and guard rails on rear and besement steps, . Additional unit 2A was fully remodeled in 2022 and Unit 2C was remodeled as well. This property provided an excellent opportunity to add a lucrative asset to your portfolio with solid passive income and potential for growth. Property also has been approved for a facade improvement grant which may be transferred to new owner.
Broker Details
Realty Solutions of PA (610) 452-2722
MLS ID: sariskyf State License Number: RM424721
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $550,000 |
| No. of Units: | 5 |
| Year Built: | 1890 |
| Opportunity Zone: | No |
| Price per unit: | $110,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 5 |
ID: 3yd-LVARPA-775996
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