$299,000

242 S FAIRVIEW AVENUE, Upper Darby, PA 19082

  • 1,664 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $180/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Rare Investment Opportunity: Multi-Family Homes in Upper Darby, PA. Introducing a unique investment opportunity at 242 S Fairview Ave, located in the highly sought-after Highland Park section of Upper Darby, PA. These two well-maintained multi-family homes are being sold together, offering a total of 4 bedrooms, 2 bathrooms, and 2 garage spaces, perfect for investors or buyers seeking reliable rental income. Property Features: Units: Two side-by-side homes, each featuring 2 spacious 2-bedroom, 1-bathroom apartments for a total of 2 rental units. Income Potential: The current rent from all 2 units totals $2,068per month, with additional income of $200 per month from 2 rented garages (each garage is leased for $100/month). Total Monthly Income: $4,268.00. Basements & Backyards: Both homes offer full basements with ample storage potential, as well as private backyards for tenants to enjoy. Location Highlights: Desirable Highland Park Neighborhood: Situated in a well-established, vibrant area of Upper Darby Township, this property is ideal for families, students, and professionals. Convenience at Your Doorstep: Close proximity to schools, public transportation (bus and trolley), shopping centers, dining options, and parks, making it an excellent choice for tenants looking for convenience and comfort. Investment Appeal: Strong Cash Flow: With a combined monthly rental income of $2,268.00, this property offers immediate returns, making it a smart addition to any investment portfolio. Multi-Family Setup: Offering two buildings with 2 units total, this property provides multiple income streams in a high demand rental market. Growth Potential: The property is situated in a growing area with easy access to transportation and local amenities, which could lead to continued demand and rental rate appreciation over time. Additional Information: Garages: Four separate garages are currently rented, offering supplementary income and added value to the property. Condition: Both homes are well-maintained, with tenants already in place and generating income. Further details on the condition and recent upgrades can be provided upon request. This is a rare chance to acquire two multi-family homes in one of Upper Darby’s most desirable neighborhoods. Whether you’re a seasoned investor or looking for your first income property, this is a must-see! Call today to schedule a showing or for more details. 242 and 244 is selling together. 242 and 244 is selling together. ($299K each property total $598K)

Listing Status:
Active
Date Added:
February 18, 2025 at 06:00AM
Listing Office:
BHHS Fox&Roach-Newtown Square : 6103536200
Listing Agent:
Mohammad Nurul Islam : 3475534453
MLS ID:
PADE2084350
  • A/C: Window Unit(s)
  • Heating: YHot WaterNatural Gas
  • Disability Feature: 2+ Access Exits

This listing courtesy of Mohammad Nurul Islam, BHHS Fox&Roach-Newtown Square

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Highland Park Elementary School

8301 W Chester Pike, Upper Darby, PA, 19082

Grades 1-5

0.38 miles away

B

Beverly Hills Middle School

1400 Garrett Rd, Upper Darby, PA, 19082

Grades 6-8

0.67 miles away

U

Upper Darby High School

601 N Lansdowne Ave, Drexel Hill, PA, 19026

Grades 9-12

0.41 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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