1378 Market St Marcus Hook, PA 19061
Five properties with 23 units, including commercial and residential spaces.
Property Features for 1378 Market St
General Information
- Standard status
- Active
Building Details
- Year built
- 1970
Source:
Exitrealty
Listing Agency: PK PROPERTY INC. Listing Agent: Peter Han
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Investment Property Package
This investment property package includes five properties within a two-block area. The properties consist of a mix of commercial and residential units. 1378 Market Street features four commercial units currently occupied by a nail salon, seafood store, clothing store, and cleaner. Additionally, there are mixed-use buildings at 1368 Market Street and 1370 Market Street, along with residential buildings at 1370 Green Street, 1376 Green Street, and 1378 Green Street. The property includes 18 apartments: five three-bedroom units, four two-bedroom units, and nine one-bedroom units. Each apartment has one bathroom and one kitchen. There is also one office unit. The total monthly rent for the five commercial units is $9,100, broken down as follows: Office unit: $1,000, Nail Salon: $1,500, Seafood business: $4,550, Cleaner (Drop Shop): $1,000, and T-shirts store: $1,050. The 18 apartment units generate a monthly gross rental income of $28,100, resulting in an annual gross income of $337,200. Annual expenses include real estate tax of $43,374.00 (2024), insurance of $15,695.33, water bill of $4,743.88, and a maintenance fee of $3,000.00, totaling $66,769.45. The total net income is $270,430.55.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Marcus Hook
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.42041
- Latitude
- 39.82392
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Five properties with 23 units, including commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 1378 Market St Marcus Hook, PA.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: - Significant Net Annual Income: $270,430.55; - Diverse Income Streams: Includes 18 apartments and 5 commercial units (nail salon, seafood store, clothing store, cleaner, office).; - Multiple Properties: Encompasses 5 distinct properties within a single block.
