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8831 Gap Newport Pike, Avondale, PA 19311

$1,599,000

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List Price: $1,599,000
Price Change: ▼ $50,000 1782928277
Days on Market: 360
Status: PENDING
MLS#: PACT2110316
Lot Size (Acres): 2.4
Year Built: 1900
County: Chester
School District: Kennett Consolidated

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Property 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.

215-669-6079

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Additional Information

Area: New Garden Twp (10360)
School District: Kennett Consolidated
Flooring: Carpet, Concrete, Vinyl, Laminate, Laminate, Vinyl, Wood, Other, Brick
Heating: Hot Water
Cooling: None
Roof: Shingle
Utilities: Water Available, Sewer Available, Propane, Other
Water: Public
Sewer: Public Sewer, Septic Tank