8831 Gap Newport Pike
$1,649,000
8831 Gap Newport Pike, Avondale, PA 19311
17,000 sqft
Building Size
1900
Year Built
Details:
Highlights:
- Days on Market: 20
- Heating: Hot Water
Description:
8831 & 8837 Gap Newport Pike offer a unique package of two parcels spanning approximately 2.4 acres, featuring 10 rental units across 5 buildings.
Seven of the units share a desirable layout with 1,200+ sq ft of living space, each with separate entrances and attached garages. Several also include finished or finish-ready basements, creating the opportunity to expand into 3-bedroom units and maximize rental income. Of these seven, four are 2-bedroom & three are 3-bedroom.
The main house adds a 3-bedroom unit & two more 2-bedroom units, all well-maintained with long-term tenants in place.
Current Gross Annual Rental Income: $142,200. Projected Market Rent (2BR): $1,500+ per month. Projected Market Rent (3BR w/ basement conversions): $1,700+ per month.
With stable income already in place and significant upside through rental increases and unit enhancements, this property is a strong addition to any portfolio. Conveniently located along Gap Newport Pike, the site offers ample parking and a blend of immediate cash flow and long-term appreciation potential.
Please do not walk the property or disturb tenants. All showings must be scheduled.
Location
Gallery
