Seller's Agent in 2023
Peter Todd-Burke
Property Merchants, LLC
(484) 469-9059
2 in this area
54 Total Sales
Estimated Value: $231,000 - $487,224
--
Bed
4
Baths
2,200
Sq Ft
$147/Sq Ft
Est. Value
Highlights
- Straight Thru Architecture
- 1-minute walk to Main Street And 5Th Street
- Stainless Steel Appliances
- Wood Flooring
- Double Door Entry
- Electric Baseboard Heater
About This Home
As of April 2023Great Investment Opportunity! Welcome to 425 Main St. Darby Pa 19023. This is a completely renovated 4 unit building. The apartment break down is as follows...first floor front is a 1 bedroom 1 bath apartment. First floor rear is a 2 bedroom 1 bath apartment. Both second floor front and rear apartments are 2 bed 1 bath. So there is a total of 3, 2 bed 1 bath apartments and 1, 1 bed 1 bath apartments in the building.
Over $150k of renovations went into this amazing rental property, including:
New roof, new windows, electrical upgrades, plumbing upgrades, new flooring throughout, brand new white shaker cabinets with granite countertops and under mount sinks, brand new stainless steel appliances, new bathrooms, with new vanities, tubs & shower surrounds, new doors throughout as well. This property is set up and ready to go for new tenants with all 4 apartments having the same high end finishes, All you have to do is get it occupied and start the cash flow!
The owner has minimal expenses, just house electric meters(common area hallways) and water. Attached documents include the architectural drawings for the buildings to get a better idea of the layout, as well as pro forma rent & income statements.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,910
Year Built
- Built in 1930 | Remodeled in 2023
Lot Details
- 1,742 Sq Ft Lot
- Lot Dimensions are 18.00 x 90.00
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- Quadruplex
- Straight Thru Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
- Rubber Roof
Interior Spaces
- 2,200 Sq Ft Home
- Replacement Windows
- Double Hung Windows
- Double Door Entry
- Fire and Smoke Detector
Kitchen
- Electric Oven or Range
- Microwave
- Stainless Steel Appliances
Flooring
- Wood
- Luxury Vinyl Plank Tile
Unfinished Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
Utilities
- Electric Baseboard Heater
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for sewer, water, trash collection, real estate taxes
- Tax Lot 562-006
- Assessor Parcel Number 14-00-01753-00
Community Details
Overview
- 4 Units
- 2-Story Building
Building Details
- 4 Vacant Units
- Income includes apartment rentals
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 30, 2023
Closed on
Apr 25, 2023
Sold by
Turnkey Renovations Llc
Bought by
Vasso-Kennedy Thomas Dwayne
Seller's Agent
Peter Todd-Burke
Property Merchants, LLC
Buyer's Agent
William Holder
Real of Pennsylvania
List Price
$409,900
Sold Price
$425,000
Premium/Discount to List
$15,100
3.68%
Views
37
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
-$102,194
Avg. Annual Appreciation
-11.04%
Original Mortgage
$417,302
Outstanding Balance
$406,136
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
-$83,330
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 |
|---|---|---|---|
| Vasso-Kennedy Thomas Dwayne | $425,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vasso-Kennedy Thomas Dwayne | $417,302 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/27/2023 04/27/23 | Sold | $425,000 | 0.0% | $193 / Sq Ft |
| 04/02/2023 04/02/23 | Pending | -- | -- | -- |
| 04/02/2023 04/02/23 | Price Changed | $425,000 | +3.7% | $193 / Sq Ft |
| 03/30/2023 03/30/23 | For Sale | $409,900 | -- | $186 / 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 |
|---|---|---|---|---|
| 2025 | $4,273 | $86,280 | $20,040 | $66,240 |
| 2024 | $4,273 | $86,280 | $20,040 | $66,240 |
| 2023 | $4,020 | $86,280 | $20,040 | $66,240 |
| 2022 | $3,910 | $86,280 | $20,040 | $66,240 |
| 2021 | $5,456 | $86,280 | $20,040 | $66,240 |
| 2020 | $3,039 | $41,600 | $12,590 | $29,010 |
| 2019 | $2,910 | $41,600 | $12,590 | $29,010 |
| 2018 | $2,875 | $41,600 | $0 | $0 |
| 2017 | $2,822 | $41,600 | $0 | $0 |
| 2016 | $228 | $41,600 | $0 | $0 |
| 2015 | $233 | $41,600 | $0 | $0 |
| 2014 | $233 | $41,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Todd-Burke
-
William Holder
Buyer's Agent in 2023
William Holder
Real of Pennsylvania
(610) 657-6218
19 in this area
485 Total Sales
Map
Source: Bright MLS
MLS Number: PADE2043754
APN: 14-00-01753-00
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