Bought with Thomas Toole III • RE/MAX Main Line - West Chester
$575,000
$575,000
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217 WHITE Linwood, PA 19061
0.57 Acres Lot
Key Details
Sold Price $575,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision Marshall Terrace
MLS Listing ID PADE2114280
Sold Date 08/31/26
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 Five Or More Units
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
Interior
Hot Water Natural Gas
Heating Hot Water, Radiator
Cooling Window Unit(s)
Flooring Laminate Plank, Luxury Vinyl Plank, Partially Carpeted, Tile/Brick
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Road Frontage Boro/Township
Total Parking Spaces 6
Garage N
Building
Lot Description Level, Front Yard, Rear Yard, SideYard(s)
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Chichester
High Schools Chichester Senior
School District Chichester
Others
Tax ID 08-00-01195-00
Ownership Fee Simple
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
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