217 White, Linwood, PA 19061

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Sold Price
$575,000
List Price
$575,000
Closing Date
Aug 31, 2026
Days on Market
150
Status
CLOSED
MLS#
PADE2115394
Living Area
5,100
Lot Size (Acres)
0.57
Style
Colonial
Year Built
1942
County
Delaware
School District
Chichester

Property Description

*NOTICE: This is a legal 5-unit commercial multifamily asset. Due to MLS data entry constraints, it is flagged as a 4-unit in this residential sub-category.Full 5-unit details are published under primary Commercial MLS#PADE2114280 Rare opportunity to acquire a fully occupied, turnkey 5-unit multifamily investment asset generating approximately $77,100 gross annual income with estimated NOI of approximately $53,500 and an attractive 9.3% cap rate at asking price. Stabilized long-term tenancy, strong in-place cash flow, and favorable debt-service coverage characteristics position this property well for conventional commercial, DSCR, and multifamily financing options. Investor-friendly unit mix includes three 1BR units and two 2BR units. Extensive recent capital improvements include updated kitchens and bathrooms throughout, newer roof, and newly constructed oversized private deck off Unit D enhancing rental appeal and future income growth potential. Additional income opportunities include on-site laundry, potential garage/storage rental income, future parking expansion possibilities, and possible rear-yard expansion or redevelopment potential subject to buyer’s independent zoning and municipal approvals. Property features a 2-car garage, loft storage area, large multi-vehicle driveway, strong curb appeal, and limited deferred maintenance. Excellent opportunity for investors, local landlords, and 1031 exchange buyers seeking a stabilized, financeable, income-producing multifamily asset with immediate cash flow and long-term upside in a strong Delaware County rental market. Financials, OM, and rent roll available upon request. Serious qualified investors only.

Additional Information

Area
Lower Chichester Twp (10408)
Subdivision
Marshall Terrace
School District
Chichester
High School
Chichester Senior
Flooring
Laminate, Vinyl, Partially Carpeted, Brick
Garage Spaces
2
View
Garden
Heating
Hot Water, Radiator(s)
Cooling
Window/Wall
Roof
Pitched, Shingle
Water
Public
Sewer
Public Sewer
Basement
Partial

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Listing courtesy of Keller Williams Real Estate - Media. Contact:

Selling Office: RE/MAX Main Line - West Chester.

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