504 Urban Ave

If building wealth through real estate is one of your goals, a multifamily property is a great place to start, and this Delaware County duplex is certainly worth a look! The downstairs unit features a spacious living room filled with natural light from a large bay window, an adjoining dining area, a large kitchen with plenty of cabinetry, a primary bedroom with a large closet, a second bedroom, and a full hall bathroom with a shower/tub combination and vanity for storage. The upstairs unit, accessed by exterior stairs, features a galley kitchen, dining area, spacious living room, one bedroom, and a full bathroom with a shower/tub combination and vanity, plus a finished walk up dormer attic. The unfinished basement, accessible from the exterior, houses a washer and dryer for each unit and offers ample storage. The property underwent full renovations in 2017, including plumbing, electrical, flooring, and new kitchens and bathrooms. A new sewer line was installed in 2018, and the roof was replaced in 2023 with a 15 year warranty. The first floor unit rents for $1,500 per month, with a lease through March 1, 2027. The upstairs unit rents for $1,300 per month on a month to month basis, bringing total annual rental income to $33,600. Each tenant is responsible for their individually metered PECO bill. The landlord pays for common area electricity, approximately $50 per month, and water, approximately $112 per month. Trash and sewer are included in the property taxes. Conveniently located near Glenolden Park, the train station, shopping, and dining, with easy access to Chester Pike, I95, and Philadelphia International Airport. Whether you’re expanding your portfolio or purchasing your first investment property, this income producing duplex offers a great opportunity. Don’t miss it! Schedule your tour today!