220 Taylor Ave - Multi-Family FOR SALE


Essington, PA 19029- Airport-Essington | 
$799,900 USD
215-268-8367
220 Taylor Ave, Essington, PA for Sale
$799,900 USD
Multi-Family - FOR SALE
1/27
null | Request Cap Rate

220 Taylor Ave
Essington, PA 19029
Airport-Essington


OVERVIEW

220-222 Taylor Ave, Essington, PA – Prime 5-Unit Multifamily Investment Opportunity Don't miss this outstanding opportunity to acquire a well-maintained, income-producing 5-unit multifamily property in Essington. The building features four spacious 2-bedroom, 1-bath apartments along with a finished basement efficiency apartment, currently generating $79,800 in annual gross rental income. The current rent roll consists of the efficiency unit at $900 per month, with the remaining apartments renting for $1,150, $1,250, $1,400, and $1,450 per month. In addition to the apartment income, the property includes a detached two-car garage that generates $500 per month in rental income. The garage is situated on its own separate 50' x 100' lot, which is included in the sale, providing additional value and future potential for the next owner. This property offers immediate cash flow with significant upside. The current rents are below market, with comparable two-bedroom units in the area supporting rents of approximately $1,600 per month, creating an attractive value-add opportunity through future lease renewals. The building is equipped with four separate heating systems and four separate water heaters, helping to efficiently serve the residential units and simplify utility management. The owner is responsible for water, common area maintenance, lawn care, and snow removal, with water costs averaging approximately $200 per month. Even with these expenses, the property provides strong income today while offering the potential for increased returns as rents are brought to market levels. Conveniently located near Philadelphia International Airport, I-95, and major employment centers, 220-222 Taylor Ave presents a rare opportunity to acquire a stable multifamily asset with immediate cash flow, rental upside, and the added benefit of a separately deeded garage lot included in the sale. Whether you're an experienced investor or looking to expand your portfolio, this property offers an exceptional combination of current income and long-term appreciation potential. Please note the separate 50x100 lot thats included with the sale has a separate tax id and tax bill of $1263 annually.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$230 USD /SF

# OF UNITS

5

PRICE/UNIT

$159,980

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

45-00-02052-00

ASK ABOUT THIS PROPERTY

Vincent MemmoCG Realty LLCMore Info
215-268-8367

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Vincent MemmoCG Realty LLCMore Info
215-268-8367

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.