130 Garrett RdUpper Darby, PA 19082

Property Details for 130 Garrett Rd

Property size (Sq ft)

52,800 SF

Property type

Mixed-use properties

Property subtype

Apartment buildings

Description

This exceptional mixed-use property, located at 130 Garrett Rd, Upper Darby, PA 19082, presents a compelling value-add investment opportunity. The 52,800 square foot building boasts 64 units – a mix of studios, one-bedroom, and two-bedroom apartments – currently enjoying 90% occupancy. An additional 6,700 square feet of retail space is fully occupied by long-term tenants. Recent renovations totaling $250,000, including new appliances, flooring, and countertops, enhance the property's appeal. The asking price is $6,800,000, representing a current cap rate of 6.34% and a pro-forma cap rate of 8.01%. The current Net Operating Income (NOI) is $431,059, projected to increase to $544,401. The property's prime location near the 69th Street Transportation Center ensures high demand and consistent rental income. The strong unit mix, coupled with the potential for rent increases through further renovations, makes this a highly attractive investment. The building was renovated in 2024. This is a chance to capitalize on a thriving location and a proven value-add strategy. Delaware County location provides easy access to major transportation routes.

Location Insight

City

Upper Darby

County

Delaware

State

Pennsylvania

Latitude

39.9601

Longitude

-75.2636

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].