8831 Gap Newport Pike,AVONDALE, PA 19311
AVONDALE, PA 19311
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.
Details
| MLS # | PACT2110316 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1900 |
| Days On Site | 349 |
| Listing Provided By | Iron Valley Real Estate Exton | Aaron Alexander Jones |
Features
| Units | 10 |
|---|---|
| Zoning | R40 APT: APT BLDG(S) (4-1 |
| Acreage | 2.40 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Block, Concrete, Copper Plumbing, CPVC/PVC, Frame, Masonry, Stucco |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Water Available, Sewer Available, Propane, Other |
|---|
Taxes
| Tax Annual Amount | 9406 |
|---|
Area Information
| State | PA |
|---|---|
| County | CHESTER PA |
| City | AVONDALE |
| Zip Code | 19311 |
| Area | New Garden Twp (10360) |
| School District | KENNETT CONSOLIDATED |
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Learn More About This Property
| State | PA |
|---|---|
| County | CHESTER PA |
| City | AVONDALE |
| Zip Code | 19311 |
| Area | New Garden Twp (10360) |
| School District | KENNETT CONSOLIDATED |
