Available now... Income Producing Property in Drexel Hill. Property consists of 4- 2 bedroom apartments and one commercial unit with good rental history. There is also a garage that is rented for additional income. Tenants pay utilities except common area electric. Operating as a 7.2 cap rate with slightly under market rents. 3 of 4 apartments have been renovated. The 4th was renovated within the past 10 years and has a long term tenant. Common area also freshly painted. This property has high visibility and is convenient to public transportation, shopping and schools. Great opportunity for investors or the savvy house hacker. Current owner pays 5% management fee and payroll fee per apartment. That could be savings for a self managing investor. Contact agent for showings.
Drexel Hill is located in Pennsylvania. Drexel Hill, Pennsylvania has a population of 28,538. Drexel Hill is less family-centric than the surrounding county with 27.71% of the households containing married families with children. The county average for households married with children is 30.31%.
The median household income in Drexel Hill, Pennsylvania is $76,403. The median household income for the surrounding county is $80,398 compared to the national median of $69,021. The median age of people living in Drexel Hill is 37.3 years.
The average high temperature in July is 87.5 degrees, with an average low temperature in January of 24.6 degrees. The average rainfall is approximately 46.3 inches per year, with 16.3 inches of snow per year.
