UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PACT2110316
Year Built 1900
Available Date 2025-10-02
Annual Tax Amount $9,406
Tax Year 2025
Lot Size 2.400 Acres
Acres 2.4
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Seven of the units share a desirable layout with 2 bedrooms, 1 bath, and 1,200+ sq ft of living space, each with separate entrances and attached garages. Several also include finished or finish-ready basements, creating the opportunity to expand into 3-bedroom units and maximize rental income.
The main house adds three more 2-bedroom units, all well-maintained with long-term tenants in place.
Current Gross Annual Rental Income: $142,200. Projected Market Rent (2BR): $1,500+ per month. Projected Market Rent (3BR w/ basement conversions): $1,700+ per month.
With stable income already in place and significant upside through rental increases and unit enhancements, this property is a strong addition to any portfolio. Conveniently located along Gap Newport Pike, the site offers ample parking and a blend of immediate cash flow and long-term appreciation potential.
Please do not walk the property or disturb tenants. All showings must be scheduled.
Location
State PA
County Chester
Area New Garden Twp (10360)
Zoning R40 APT: APT BLDG(S) (4-1
Interior
Hot Water Oil, Electric
Heating Hot Water
Cooling None
Flooring Carpet, Concrete, Luxury Vinyl Plank, Laminate Plank, Laminated, Vinyl, Wood, Other, Tile/Brick
Heat Source Oil, Propane - Leased
Exterior
Garage Spaces 20.0
Utilities Available Water Available, Sewer Available, Propane, Other
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer, On Site Septic
Water Public
New Construction N
Schools
School District Kennett Consolidated
Others
Tax ID 60-03 -0030.0200
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Negotiable
Listing Terms Cash, Conventional, Negotiable
Financing Cash,Conventional,Negotiable
Special Listing Condition Standard
Virtual Tour https://gressphotography.com/8831-Gap-Newport-Pike/idx
"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "
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