2.4 Acres Lot
2.4 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Lot Size 2.400 Acres
MLS Listing ID PACT2110316
Financing Cash,Conventional,Negotiable
Total Units 10
Short Sale No
Originating MLS BRIGHT
Available Date 2025-10-02
Property Description
Seven of the units share a desirable layout with 1,200+ sq ft of living space, each with separate entrances and attached garages. Several also include finished or finish-ready basements, creating the opportunity to expand into 3-bedroom units and maximize rental income. Of these seven, four are 2-bedroom & three are 3-bedroom.
The main house adds a 3-bedroom unit & two more 2-bedroom units, all well-maintained with long-term tenants in place.
Current Gross Annual Rental Income: $142,200. Projected Market Rent (2BR): $1,500+ per month. Projected Market Rent (3BR w/ basement conversions): $1,700+ per month.
With stable income already in place and significant upside through rental increases and unit enhancements, this property is a strong addition to any portfolio. Conveniently located along Gap Newport Pike, the site offers ample parking and a blend of immediate cash flow and long-term appreciation potential.
Please do not walk the property or disturb tenants. All showings must be scheduled.
Location
State PA
County Chester
Area New Garden Twp (10360)
Zoning R40 APT: APT BLDG(S) (4-1
Interior
Hot Water Oil, Electric
Heating Hot Water
Cooling None
Flooring Carpet, Concrete, Luxury Vinyl Plank, Laminate Plank, Laminated, Vinyl, Wood, Other, Tile/Brick
Heat Source Oil, Propane - Leased
1-purchase type For Sale
Exterior
Garage Spaces 20
Utilities Available Water Available, Sewer Available, Propane, Other
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Parking Type Private Garage, Driveway
Total Parking Spaces 20
Building
New Construction N
Lot Dimensions 0.00 x 0.00
Sewer Public Sewer, On Site Septic
Water Public
Schools
School District Kennett Consolidated
Others
Tax Amount $9,406
Tax Year 2025
Tax ID 60-03 -0030.0200
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Negotiable
Special Sale Standard
