126 South 5th Street

Darby, PA 19023

$395,000
Last Sold Price
Beds
3,055 Sq. Ft.
$129 / Sq. Ft.
3,055
Sq. Ft.
$129
per Sq. Ft.

Description

Welcome to 126 S. 5th Street, a fantastic investment opportunity in Darby, PA. This well-maintained property presents a five-unit apartment building that is sure to catch the eye of savvy investors seeking a lucrative addition to their portfolio. Comprising four one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment, this multi-unit building offers versatility and potential for strong rental income. Each unit provides comfortable living spaces with ample natural light and...Welcome to 126 S. 5th Street, a fantastic investment opportunity in Darby, PA. This well-maintained property presents a five-unit apartment building that is sure to catch the eye of savvy investors seeking a lucrative addition to their portfolio. Comprising four one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment, this multi-unit building offers versatility and potential for strong rental income. Each unit provides comfortable living spaces with ample natural light and functional layouts designed for modern convenience. Currently, the property boasts a solid rent roll with all five units occupied. The combined monthly rental income from these units totals $4,372 per month with pro forma rents bringing in $5200 per month. With tenants responsible for all utilities except for cold water, this arrangement ensures minimal expenses while maximizing your return on investment. The prime location of this property ensures easy access to local amenities such as shopping centers, restaurants, parks, and public transportation options. Its proximity to major highways also allows for convenient commuting throughout the region. Investors will appreciate the potential for consistent cash flow from multiple rental units within this well-diversified property. With an already established rent roll generating substantial monthly income and tenants responsible for most utilities costs, you can enjoy passive income streams while minimizing expenses. Darby's vibrant rental market makes this an attractive investment opportunity with strong demand for quality housing options. Whether you are an experienced investor looking to expand your portfolio or someone new to real estate investing seeking passive income streams, this five-unit apartment building offers tremendous potential. Don't miss out on the chance to own this income-generating property! Contact us today to schedule a private tour of 126 S. 5th Street in Darby and explore all the possibilities it holds for your real estate investment goals. We look forward to assisting you on your journey towards financial success!
  1. Listed by Michael Stranix • Realty Mark Cityscape-King of Prussia
    P: 6103894676 mstranix16@aol.com
  2. Listed by Robert Stranix • Realty Mark Cityscape-King of Prussia
    P: 6103312027 robertstranix@yahoo.com

Property Details for 126 South 5th Street

Tax ID Number
14-00-00905-00
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Municipality
DARBY BORO
Central Air
No

Location

Add your commute
LISTING UPDATED: 03/22/2024 03:55 PM

Property Details for 126 South 5th Street

StatusClosed
MLS #PADE2051298
Days on Market129
Taxes$5,179 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1940
Lot Size0.06 AC / 2,614 SF
CountyDelaware County

Location

Add your commute

Building Information for 126 South 5th Street

Stories-Residences4Year Built1940Building Size-Lot Size0.06 AC / 2,614 SF

Payment Calculator

$2,587 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,156

Property Taxes

$432

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 126 South 5th Street

Location
Location
  • School District Name: WILLIAM PENN
  • School District County ID: 300200397351
  • SchoolDistrictSource: Listing Agent
  • County: DELAWARE
  • MLS Area: Darby Boro (10414)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $107,110
  • Year Assessed: 2023
  • County Tax: $321
  • Improvement Assessed Value: $92,660
  • City Town Tax: $1,568
  • Land Assessed Value: $14,450
  • Clean Green Assessed: No
  • Land Use Code: R-40
  • Zoning: R-40
  • Tax Lot: 370-000
  • School Tax: $3,290
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Water, Common Area Maintenance
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Number Of Units Vacant: 0
Financial Information
Financial Information
  • Annual Rental Income: $52,464
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 3,055.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 25.00 x 99.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 431381
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Oil, Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: None chosen (Non-REALTOR/Stockholder)

Property History for 126 South 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 126 South 5th Street

Taxable ValueLand$14,450Additions$92,660Total$107,110
Tax Record2023$4,908 ($409 / month)
Home Facts
Baths4Total Finished SqFt3,055 SqFtAbove Grade Finished SqFt3,055 SqFtStories2Lot Size2,409 SqFtStyleQuadraplexYear Built1940CountyDELAWAREAPN14-00-00905-00

Schools near 126 South 5th Street

This home is within William Penn School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Walnut Street El School
PublicK to 6

Penn Wood Middle School
Public7 to 8

Penn Wood High School
Public9 to 12

Aldan Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Mark Cityscape-King of Prussia

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.