Seller's Agent in 2024
Mike Stranix
Realty Mark Cityscape-King of Prussia
(610) 389-4676
6 in this area
82 Total Sales
Estimated Value: $384,000 - $455,000
--
Bed
4
Baths
3,055
Sq Ft
$136/Sq Ft
Est. Value
About This Home
As of March 2024Welcome to 126 S. 5th Street, a fantastic investment opportunity in Darby, PA. This well-maintained property presents a five-unit apartment building that is sure to catch the eye of savvy investors seeking a lucrative addition to their portfolio.
Comprising four one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment, this multi-unit building offers versatility and potential for strong rental income. Each unit provides comfortable living spaces with ample natural light and functional layouts designed for modern convenience.
Currently, the property boasts a solid rent roll with all five units occupied. The combined monthly rental income from these units totals $4,372 per month with pro forma rents bringing in $5200 per month. With tenants responsible for all utilities except for cold water, this arrangement ensures minimal expenses while maximizing your return on investment.
The prime location of this property ensures easy access to local amenities such as shopping centers, restaurants, parks, and public transportation options. Its proximity to major highways also allows for convenient commuting throughout the region.
Investors will appreciate the potential for consistent cash flow from multiple rental units within this well-diversified property. With an already established rent roll generating substantial monthly income and tenants responsible for most utilities costs, you can enjoy passive income streams while minimizing expenses.
Darby's vibrant rental market makes this an attractive investment opportunity with strong demand for quality housing options. Whether you are an experienced investor looking to expand your portfolio or someone new to real estate investing seeking passive income streams, this five-unit apartment building offers tremendous potential.
Don't miss out on the chance to own this income-generating property! Contact us today to schedule a private tour of 126 S. 5th Street in Darby and explore all the possibilities it holds for your real estate investment goals. We look forward to assisting you on your journey towards financial success!
Last Agent to Sell the Property
Realty Mark Cityscape-King of Prussia License #rs350534 Listed on: 08/02/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,179
Year Built
- Built in 1940
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 25.00 x 99.00
Parking
- On-Street Parking
Home Design
- 3,055 Sq Ft Home
- Stone Foundation
- Stucco
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
- Hot Water Heating System
- Electric Water Heater
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for water, common area maintenance
- Tax Lot 370-000
- Assessor Parcel Number 14-00-00905-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2023
Closed on
Mar 21, 2024
Sold by
Elshiva Property Ventures Ltd
Bought by
S & A Properties Llc
Seller's Agent
Mike Stranix
Realty Mark Cityscape-King of Prussia
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$425,000
Sold Price
$395,000
Premium/Discount to List
-$30,000
-7.06%
Views
50
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,667
Avg. Annual Appreciation
1.10%
Original Mortgage
$509,600
Outstanding Balance
$504,190
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
-$103,190
Purchase Details
Listed on
Jan 8, 2022
Closed on
Feb 28, 2022
Sold by
Creative Trends Llc
Bought by
Elshiva Property Ventures Ltd
Seller's Agent
Michael Lautensack
Del Val Realty & Property Management
Buyer's Agent
Robert Stranix
Realty Mark Cityscape-King of Prussia
List Price
$425,000
Sold Price
$385,000
Premium/Discount to List
-$40,000
-9.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.25%
Purchase Details
Listed on
Aug 7, 2018
Closed on
Oct 1, 2018
Sold by
Brophy Timothy J and Brophy Sandra
Bought by
Creative Trends Llc
Seller's Agent
Nathan Kimes
Iron Valley Real Estate Lower Gwynedd
Buyer's Agent
Denise Sangree
Long & Foster Real Estate, Inc.
List Price
$310,000
Sold Price
$300,000
Premium/Discount to List
-$10,000
-3.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%
Original Mortgage
$225,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Listed on
Sep 2, 2015
Closed on
Apr 13, 2016
Sold by
Carmichael Real Estate Llc
Bought by
Brophy Timothy J and Brophy Sandra
Seller's Agent
Steve Sisman
Keller Williams Main Line
Buyer's Agent
Nathan Kimes
Iron Valley Real Estate Lower Gwynedd
List Price
$250,000
Sold Price
$275,000
Premium/Discount to List
$25,000
10%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$180,000
Interest Rate
3.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 13, 2008
Sold by
Carmichaels Real Estate Llc
Bought by
Carmichael Real Estate Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 6, 2007
Sold by
Delco Finance Corp
Bought by
Carmichaels Real Estate Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,500
Interest Rate
6.63%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 13, 2006
Sold by
Grant Oral
Bought by
Delco Finance Corp
Purchase Details
Closed on
Sep 9, 2005
Sold by
Rauso Gennaro
Bought by
Grant Oral
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000
Interest Rate
5.66%
Mortgage Type
Balloon
Purchase Details
Closed on
Aug 1, 2001
Sold by
Delco Property Management Corp
Bought by
Rauso Gennaro
Purchase Details
Closed on
Feb 1, 1996
Sold by
Rauso Gennaro
Bought by
Delco Property Management Corp
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| S & A Properties Llc | $395,000 | None Listed On Document | |
| Elshiva Property Ventures Ltd | $382,750 | H & H Settlement Services | |
| Creative Trends Llc | $300,000 | Quest Abstract Corporation | |
| Brophy Timothy J | $240,000 | None Available | |
| Carmichael Real Estate Llc | -- | None Available | |
| Carmichaels Real Estate Llc | $41,500 | None Available | |
| Delco Finance Corp | $18,120 | None Available | |
| Grant Oral | -- | -- | |
| Rauso Gennaro | -- | -- | |
| Delco Property Management Corp | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | S & A Properties Llc | $509,600 | |
| Previous Owner | Creative Trends Llc | $225,000 | |
| Previous Owner | Brophy Timothy J | $180,000 | |
| Previous Owner | Carmichael Real Estate Llc | $210,000 | |
| Previous Owner | Carmichael Darrell | $21,500 | |
| Previous Owner | Grant Oral | $1,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2024 03/21/24 | Sold | $395,000 | -7.1% | $129 / Sq Ft |
| 01/10/2024 01/10/24 | Pending | -- | -- | -- |
| 08/02/2023 08/02/23 | For Sale | $425,000 | +10.4% | $139 / Sq Ft |
| 02/28/2022 02/28/22 | Sold | $385,000 | -3.6% | $126 / Sq Ft |
| 02/05/2022 02/05/22 | Pending | -- | -- | -- |
| 01/27/2022 01/27/22 | Price Changed | $399,500 | -6.0% | $131 / Sq Ft |
| 01/08/2022 01/08/22 | For Sale | $425,000 | +41.7% | $139 / Sq Ft |
| 10/01/2018 10/01/18 | Sold | $300,000 | -3.2% | $98 / Sq Ft |
| 08/07/2018 08/07/18 | Pending | -- | -- | -- |
| 08/07/2018 08/07/18 | For Sale | $310,000 | +12.7% | $101 / Sq Ft |
| 04/13/2016 04/13/16 | Sold | $275,000 | +10.0% | $90 / Sq Ft |
| 01/08/2016 01/08/16 | Pending | -- | -- | -- |
| 09/02/2015 09/02/15 | For Sale | $250,000 | -- | $82 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,304 | $107,110 | $14,450 | $92,660 |
| 2023 | $4,990 | $107,110 | $14,450 | $92,660 |
| 2022 | $4,854 | $107,110 | $14,450 | $92,660 |
| 2021 | $6,774 | $107,110 | $14,450 | $92,660 |
| 2020 | $3,726 | $51,000 | $13,700 | $37,300 |
| 2019 | $3,568 | $51,000 | $13,700 | $37,300 |
| 2018 | $3,524 | $51,000 | $0 | $0 |
| 2017 | $3,459 | $51,000 | $0 | $0 |
| 2016 | $280 | $51,000 | $0 | $0 |
| 2015 | $286 | $51,000 | $0 | $0 |
| 2014 | $286 | $51,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2024
Robert Stranix
Realty Mark Cityscape-King of Prussia
(610) 331-2027
11 in this area
105 Total Sales
-
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
-
Seller's Agent in 2022
Michael Lautensack
Del Val Realty & Property Management
(484) 328-3282
1 in this area
12 Total Sales
-
Seller's Agent in 2018
Nathan Kimes
Iron Valley Real Estate Lower Gwynedd
(267) 798-9850
32 Total Sales
-
D
Buyer's Agent in 2018
Denise Sangree
Long & Foster
Map
Source: Bright MLS
MLS Number: PADE2051298
APN: 14-00-00905-00
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