2247 Mill Rd

Highlights:

• Days on Market: 6
• Heating: Baseboard - Hot Water

Description:

Adjoins - Public Land, Backs to Trees, Subdivision Possible

Discover a rare investment opportunity with this fully occupied 6-unit, all–1-bedroom apartment building, situated on a beautifully wooded 2.6± acre parcel. Tucked away in a quiet, park-like setting, the property offers residents the best of both worlds—peaceful natural surroundings with unbeatable convenience. Major shopping centers, restaurants, and essential commuter routes such as I-95, Route 202, as well as nearby New Jersey and Delaware corridors. Philadelphia International Airport, and Center City are all just minutes away. This ideal combination of tranquility and accessibility keeps demand high and vacancies low.

The building has been diligently maintained by long-term ownership, with thoughtful updates completed in four units as they turned over. Two long-standing tenants—each in place for more than 20 years—currently occupy well-kept units at below-market rents, providing an immediate value-add opportunity for investors. With the property already generating a solid Net Operating Income of $41,972—even with rents—the new owner can benefit from both stable in-place cash flow and clear upside as units are modernized and rents are brought to market levels.

Additional features include ample on-site parking, expansive outdoor space for tenant enjoyment, and strong historical occupancy. Whether you’re looking to expand your portfolio or secure a reliable, income-producing asset with long-term growth potential, this property stands out as a high-quality, low-maintenance investment in a consistently desirable location.

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Listing ID: 804321095094