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

Multifamily properties

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

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