146 Garrett Rd Upper Darby, PA 19082
112-unit multifamily and mixed-use portfolio in Upper Darby, Pennsylvania.
Property Features for 146 Garrett Rd
General Information
- Standard status
- Active
Source:
Crexi
Listing Agency: GREA Listing Agent: Ken Wellar
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Upper Darby Multifamily Mixed-Use Portfolio
This portfolio features a 112-unit multifamily and mixed-use property in Upper Darby, Delaware County, Pennsylvania. The portfolio consists of Minerva Court, a 64-unit mixed-use asset with 56 apartment units and 8 street-level commercial units, and Richfield Gardens, a 48-unit multifamily community. The properties are located within 0.5 miles of one another. The residential portion of the portfolio totals 104 apartment units and features a unit mix consisting of 40 studios, 56 one-bedroom units, and 8 two-bedroom units. The properties are located in a workforce housing market with no new multifamily development. Both assets are centrally located with convenient access to Route 1, Route 3 (West Chester Pike), Baltimore Pike, and Interstate-476 (Blue Route), providing direct access to Center City Philadelphia, University City, and the Philadelphia International Airport. Residents benefit from being within walking distance to the SEPTA 69th Street Transportation Station, the largest SEPTA Station in the suburbs and the gateway to the western suburbs, also providing access to Center City Philadelphia. The properties benefit from a diverse employment base that includes major healthcare systems, retail corridors, educational institutions, and service-sector employers throughout the Greater Philadelphia Region.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Upper Darby
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.264291
- Latitude
- 39.959458
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 112-unit multifamily and mixed-use portfolio in Upper Darby, Pennsylvania.
Where is this apartment building located?
The property is located at 146 Garrett Rd Upper Darby, PA.
What are key features of this property?
This property features: - Value-add opportunity with in-place rents 10-20% below market, allowing for increased revenue through renovations.; - Strategic location in Upper Darby, Delaware County, PA, a desirable workforce housing market with high occupancy and strong rental demand.; - Portfolio of 112 units (104 apartments and 8 commercial) with a diverse unit mix appealing to a broad range of renters.
