533 Beechwood Ave

Collingdale PA 19023

2085 sq. ft.

2614 sq. ft.

Duplex

Currently for sale - view listing

Overview

Fully leased 3-unit investment property in Collingdale Borough, offered at $339,000 ($113,000 per unit). This three-story semi-detached building has a mansard roof and three one-bedroom apartments. Unit 1 also has a den and basement space. The units have bay-window living rooms, ceiling fans, full tiled baths and eat-in kitchens. One unit has been updated with vinyl plank flooring and white shaker cabinets. There is also a fenced side yard. All three units are leased, bringing in $3,340 a month in rent ($40,080 a year). Each tenant also pays a flat $50–$55 monthly water fee, adding $1,920 a year. Tenants pay their own electric and gas heat. Based on in-place income and the seller's 2026 expense budget, NOI is about $24,488, a 7.2% cap rate and an 8.5 GRM. Unit 1 is month-to-month. The SEPTA D trolley, the Route 113 bus on MacDade Blvd and Media/Wawa Regional Rail are all nearby, with easy access to US-13, I-95, Philadelphia International Airport and Center City. A full offering memorandum is available. Buyer to verify all information.

Features

3 bedrooms

2085 sq. ft. floor area

2614 sq. ft. lot size

Duplex

Property history for 533 Beechwood Ave

2018

Sold

$60,000

27 Mar 2018 by Al Ronderos, of Independence R E Sales, Llc

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