217 WHITE Linwood, PA 19061
5,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $112
Subdivision Marshall Terrace
MLS Listing ID PADE2115394
Style Colonial
Abv Grd Liv Area 5,100
Year Built 1942
Annual Tax Amount $10,460
Tax Year 2025
Lot Size 0.570 Acres
Acres 0.57
Lot Dimensions 108.00 x 200.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Rare opportunity to acquire a fully occupied, turnkey 5-unit multifamily investment asset generating approximately $77,100 gross annual income with estimated NOI of approximately $53,500 and an attractive 9.3% cap rate at asking price. Stabilized long-term tenancy, strong in-place cash flow, and favorable debt-service coverage characteristics position this property well for conventional commercial, DSCR, and multifamily financing options.
Investor-friendly unit mix includes three 1BR units and two 2BR units. Extensive recent capital improvements include updated kitchens and bathrooms throughout, newer roof, and newly constructed oversized private deck off Unit D enhancing rental appeal and future income growth potential. Additional income opportunities include on-site laundry, potential garage/storage rental income, future parking expansion possibilities, and possible rear-yard expansion or redevelopment potential subject to buyer's independent zoning and municipal approvals.
Property features a 2-car garage, loft storage area, large multi-vehicle driveway, strong curb appeal, and limited deferred maintenance. Excellent opportunity for investors, local landlords, and 1031 exchange buyers seeking a stabilized, financeable, income-producing multifamily asset with immediate cash flow and long-term upside in a strong Delaware County rental market. Financials, OM, and rent roll available upon request. Serious qualified investors only.
Location
State PA
County Delaware
Area Lower Chichester Twp (10408)
Zoning R-90 MULTIPLE DWELLINGS
Rooms
Basement Partial
Interior
Hot Water Natural Gas
Heating Hot Water, Radiator
Cooling Window Unit(s)
Flooring Laminate Plank, Luxury Vinyl Plank, Partially Carpeted, Tile/Brick
Inclusions Washer, dryer, lawnmower, refrigerators
Fireplace N
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es), Deck(s)
Parking Features Additional Storage Area
Garage Spaces 8.0
Water Access N
View Garden/Lawn
Roof Type Pitched,Shingle
Accessibility None
Porch Porch(es), Deck(s)
Road Frontage Boro/Township
Total Parking Spaces 8
Garage Y
Building
Lot Description Level, Front Yard, Rear Yard, SideYard(s)
Foundation Stone
Above Ground Finished SqFt 5100
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade
New Construction N
Schools
High Schools Chichester Senior
School District Chichester
Others
Tax ID 08-00-01195-00
Ownership Fee Simple
SqFt Source 5100
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Conventional, Cash, FNMA
Listing Terms Conventional, Cash, FNMA
Financing Conventional,Cash,FNMA
Special Listing Condition Standard
