8831 Gap Newport Pike, Avondale, PA 19311
- $1,599,000
- List Price
- $1,599,000
- Price Change
- ▼ $50,000 1782928283
- Days on Market
- 268
- Status
- ACTIVE
- MLS#
- PACT2110316
- Lot Size (Acres)
- 2.4
- Year Built
- 1900
- County
- Chester
- School District
- Kennett Consolidated
Property Description
8831 & 8837 Gap Newport Pike offer a unique package of two parcels spanning approximately 2.4 acres, featuring 10 rental units across 5 buildings. Seven of the units share a desirable layout with 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. Of these seven, four are 2-bedroom & three are 3-bedroom. The main house adds a 3-bedroom unit & two 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.
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Additional Information
- Area
- New Garden Twp (10360)
- Taxes
- $9406
- School District
- Kennett Consolidated
- Flooring
- Carpet, Concrete, Luxury Vinyl Plank, Laminate Plank, Laminated, Vinyl, Wood, Other, Tile/Brick
- Heating
- Hot Water
- Heating Fuel
- Oil, Propane - Leased
- Cooling
- None
- Roof
- Shingle
- Utilities
- Water Available, Sewer Available, Propane, Other
- Water
- Public
- Sewer
- Public Sewer, On Site Septic
Mortgage Calculator
Listing courtesy of Iron Valley Real Estate Exton. Contact: sherricustodio@gmail.com
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