Drexel Hill, PA 19026,517 WILDE AVE
Drexel Hill, PA 19026,517 WILDE AVE
Drexel Hill, PA 19026,517 WILDE AVE
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$350,000
Est. payment /mo
3,071 SqFt
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Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,071 sqft

Price per Sqft $113

MLS Listing ID PADE2086276

Style Colonial

Abv Grd Liv Area 3,071

Originating Board BRIGHT

Year Built 1927

Annual Tax Amount $8,032

Tax Year 2024

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 62.30 x 120.00

Property Sub-Type Detached

Property Description

Welcome to this fantastic income-producing duplex in the heart of Drexel Hill! The first-floor unit is a spacious 2-bedroom, 2-bath apartment featuring a large living room and dining area, along with a generous eat-in kitchen that offers ample cabinet and counter space for storage and meal preparation. Just off the kitchen, a separate laundry room includes a large closet that can be used as a pantry or additional storage. This unit also has basement access, where the second bathroom and extra storage space are located. Currently, it is rented on a month-to-month basis for $1,500 per month.
The second unit is a newly renovated bi-level apartment occupying the second and third floors. As you walk up to the second floor, you'll find a spacious living room, a modern eat-in kitchen with new cabinets and countertops, and an in-unit laundry area. This level also includes one bedroom and a full bathroom, with access from both the bedroom and hallway. The third floor features three additional generously sized bedrooms and a second full bath with a shower stall. Like the first unit, this apartment has separate utilities, all paid by the tenants. It is currently rented on a month-to-month basis for $1,750 per month.
The property boasts a large backyard and a driveway with parking for six or more cars. Conveniently located near major routes including RT1, Baltimore Pike, the Blue Route, and I-95, the home is also within walking distance of public transportation. Nearby amenities include schools, parks, playgrounds, shopping, and a variety of local dining options, such as Artillery Brewing, Station Tap, Hanrahan's Irish Pub, and Ming's Coffee & Tea.
Both units are currently rented below market value, with 2-bedroom units in the area renting for up to $1,800 per month and 4-bedroom units exceeding $2,000 per month. This property has the potential to generate over $4,000 per month in rental income, making it an excellent investment opportunity!

Location

State PA

County Delaware

Area Upper Darby Twp (10416)

Zoning RES

Rooms

Basement Full

Interior

Interior Features Ceiling Fan(s), Entry Level Bedroom, Bathroom - Tub Shower

Hot Water Natural Gas

Heating Hot Water

Cooling None

Equipment Oven/Range - Gas, Refrigerator, Washer, Water Heater, Dryer

Fireplace N

Appliance Oven/Range - Gas, Refrigerator, Washer, Water Heater, Dryer

Heat Source Natural Gas

Exterior

Exterior Feature Porch(es)

Garage Spaces 6.0

Water Access N

Roof Type Shingle

Accessibility None

Porch Porch(es)

Total Parking Spaces 6

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Garrettford

Middle Schools Drexel Hill

High Schools Upper Darby Senior

School District Upper Darby

Others

Tax ID 16-11-01993-00

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard


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Bright MLS (BMLS)
Listed by C. Joseph Darrah • KW Empower

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517 WILDE AVE