565 CHESTER PIKE Prospect Park, PA 19076
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,632 sqft
Price per Sqft $116
MLS Listing ID PADE2114858
Style Contemporary
Abv Grd Liv Area 4,632
Year Built 1953
Annual Tax Amount $15,322
Tax Year 2025
Lot Dimensions 50.00 x 150.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Current contracted gross income is $6,150 per month / $73,800 annually, generated by a two-level commercial office/flex tenant and two occupied residential apartments.
The commercial component is leased through May 2028 at $3,000/month and provides two levels of flexible business space with two powder rooms. Residential income includes a 3-bedroom apartment leased at $1,650/month and a 1-bedroom apartment leased at $1,500/month.
A separate studio apartment is currently available, creating immediate lease-up upside. At a conservative projected rent of approximately $900-$1,000/month, stabilized gross income would increase to approximately $84,600-$85,800 annually.
Residential electric and hot-water responsibility has been separated by unit, while the owner pays water, providing a more streamlined utility structure for the incoming owner.
The property also offers a paved off-street parking lot and additional finished ancillary space that is not included in the advertised residential unit count or rental-income projections.
Recent capital and infrastructure improvements have addressed several meaningful property components, including concrete/sidewalk work, electrical and metering improvements, and hot-water infrastructure.
Location is another significant component of the investment story. The property sits directly along the established Chester Pike corridor in Prospect Park, approximately 10 minutes from Philadelphia International Airport, with convenient access to Route 420, I-95 and SEPTA Regional Rail.
Prospect Park is also included in Delaware County's active Six Boroughs Main Street planning initiative, focused on continued revitalization of business districts along Chester Pike and the SEPTA Wilmington/Newark corridor.
For investors seeking a manageable mixed-use acquisition, 565 Chester Pike offers existing commercial and residential income, immediate studio lease-up potential, diversified revenue streams and exposure to an actively improving Delaware County corridor.
Rent roll, lease information and supporting due-diligence materials available to qualified purchasers. Being sold AS-IS.
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Location
State PA
County Delaware
Area Prospect Park Boro (10433)
Zoning MIXED
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 4632
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Interboro
Others
Tax ID 33-00-00143-00
Ownership Fee Simple
SqFt Source 4632
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
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