306 South 4th Street
306 South 4th Street
$375,000
8
4
3,729
3,729
$101
Closed 11/22/22
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Description
Welcome to this absolutely Immaculately maintained multi-family unit on 0.3 acres in a beautiful and quiet cul de sac. Located right next to the Darby train station Newark/ Wilmington line. One stop away is University City, two stops away is 30th Street. This property comprises 4 units. 3 units in the main building: a 3 bed 1 bath on the first level and 2, 2 beds and 1 bath on the second and third level. There is also a cottage on the left side of the property that could be used as a primary residence...Welcome to this absolutely Immaculately maintained multi-family unit on 0.3 acres in a beautiful and quiet cul de sac. Located right next to the Darby train station Newark/ Wilmington line. One stop away is University City, two stops away is 30th Street. This property comprises 4 units. 3 units in the main building: a 3 bed 1 bath on the first level and 2, 2 beds and 1 bath on the second and third level. There is also a cottage on the left side of the property that could be used as a primary residence for the new owner! It is a 1 bed 1 bath with plenty of space and completely detached. The first level rents for $975, the second level rents for $875, and the third level rents for $1,000. The detached cottage rents for $850 currently. All of these units are well under market value for rent in the area. Currently it totals $3,700 in rental income per month and $44,400 a year. Every unit is on its own heating system that has been maintained through the years that the current owner has owned the property. Each unit has radiator heat as well as supplemental baseboard heaters. The only exception is the cottage, which is all electric. All units also have their own circuit box in the unit as well as a master box in the basement for each separate unit. Tenants pay for their own electrical and heat. There are hard-wired smoke detectors as well as carbon monoxide detectors in every unit. There are professional grade locks for each unit where all you have to do is change the core of the lock and the owner has a master key that opens every unit. Each unit also has a video intercom system that also has a master panel in the basement. The basement contains a coin-operated dryer that costs $2 to operate, another source of income, as well as a washer that is not coin operated but one could be installed very easily. There are also two 10’x11’ storage units that could be rented for more income as well. This is an absolutely incredible property that could make its new owner a lot of money! The owner never pursued it but supposedly there could be other structures built on the land. Please refer to pictures as well as the video and 3d rendering that are attached! The unit is fully rented so please give the owner and tenants ample time before requesting a showing. This is a Great chance for a smart investor to get in before Darby gets more expansive with the new luxury lofts coming soon at 901 Quarry ave! Lots and lots of potential with this property with the capacity to raise rents now and in the future!
- Listed by Biruk Clancy • EXP Realty, LLCP: 2152756307 birukclancy@gmail.com
Property Details for 306 South 4th Street
Tax ID Number
14-00-01090-00
OwnershipFee Simple
Structure TypeOther
StyleOther
WaterfrontNo
GarageNo
Expected On Market Date08-01-2022
MunicipalityDARBY BORO
Location
LISTING UPDATED: 05/08/2023 04:55 PM
Property Details for 306 South 4th Street
Status | Closed |
---|---|
MLS # | PADE2031176 |
Days on Market | 86 |
Taxes | $7,393 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1910 |
Lot Size | 0.30 AC / 13,068 SF |
County | Delaware County |
Location
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Building Information for 306 South 4th Street
Stories-Residences4Year Built1910Building Size-Lot Size0.30 AC / 13,068 SF
Payment Calculator
$2,663 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 306 South 4th Street
Property History for 306 South 4th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 306 South 4th Street
Taxable ValueLand$30,040Additions$133,100Total$163,140
Tax Record2023$7,475 ($623 / month)
Home Facts
Baths5Total Finished SqFt3,259 SqFtAbove Grade Finished SqFt3,259 SqFtStories3Lot Size13,242 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910CountyDELAWAREAPN14-00-01090-00Fireplace TypeHas Fireplace
Schools near 306 South 4th 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.
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