26 Park Ave - Apartments FOR SALE


Upper Darby, PA 19082
$1,700,000 USD
215-454-2852
26 Park Ave, Upper Darby, PA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/8
null | 8.27% Cap Rate

26 Park Ave
Upper Darby, PA 19082


HIGHLIGHTS

  • Value-Add Opportunity: Potential to Raise Rents 15% -20%
  • Close Proximity to Major Roadways: Route 1, Route 3, Interstate 95 and Interstate 476
  • Access to Public Transit: Numerous Bus Routes to 69th Street Terminal, the Largest Suburban SEPTA Station
  • Excellent Location: Situated in Highly Sought-After Delaware County, Pennsylvania

OVERVIEW

Highland Hall Apartments is a well-located mixed-use property in Upper Darby, Pennsylvania. The asset consists of 23 residential units and 3 commercial spaces, positioned blocks off West Chester Pike (Route 3) and within close proximity to multiple SEPTA bus routes providing direct access to SEPTA’s 69th Street Transportation Center. Known as the “Gateway to the Western Suburbs,” 69th Street Station is the region’s largest suburban transit hub, offering connections to numerous bus lines, trolley routes, and subway service, making Highland Hall an attractive location for both residents and commercial tenants. The Property offers a compelling value-add opportunity through rent optimization. Current rents are significantly below market, primarily due to the owner’s practice of not increasing rents for long-term tenants. With minimal improvements, such as cosmetic updates to the kitchens and baths, a new owner could achieve rental increases of 10% to 15%, with the potential for total increases of 15% to 20% through targeted renovations. Highland Hall is ideally located near major employment centers, retail corridors, and key institutions. It is approximately a 20-minute drive to Center City Philadelphia, 15 minutes to Philadelphia International Airport, and 10 minutes to University City’s schools and hospitals. The Property also benefits from proximity to Route 1, Interstate 476 (the Blue Route), Interstate 95, and the Pennsylvania Turnpike (I-276), providing excellent regional accessibility. This strategic location, combined with strong upside potential, makes Highland Hall an attractive opportunity for investors seeking value and long-term growth in the Greater Philadelphia market.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

23

PRICE/UNIT

$73,913

CAP RATE

8.27%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Hall Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,840 SF

ZONING

Commercial

APN/PARCEL ID

16-07-00664-00

ASK ABOUT THIS PROPERTY

215-454-2852

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215-454-2852

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