1231 DREXEL AVENUE Overview
- Time on Site:
- 22 days
- Visits:
- 0
Investor Alert! Exceptional income-producing mixed-use opportunity in desirable Drexel Hill. 1231-33 Drexel Ave features four residential apartments and a commercial dental office, providing multiple streams of rental income. The property currently generates approximately $114,312 in annual gross income, with scheduled rent increases projected to increase annual gross income to approximately $118,577 beginning July 2026. The property currently produces an estimated Net Operating Income (NOI) of approximately $65,429, with the projected rent increases increasing NOI to approximately $69,694 annually. Each residential unit is well maintained and offers a spacious living room, dining room, kitchen, two bedrooms, and a full bathroom with a tub/shower combination. The dental office is occupied by an established commercial tenant, providing stable income alongside the residential units. The property also features a large rear parking lot with ample off-street parking for residents, patients, and staff. Conveniently located near shopping, restaurants, public transportation, and major roadways, this property offers investors a rare opportunity to acquire a stable, income-producing asset in a well-established Delaware County location. With strong in-place cash flow and built-in upside through scheduled rent increases, this is an ideal addition to an investment portfolio. Property is being sold As-Is. Financial information, leases, and expense documentation are available to qualified buyers. Buyer is responsible for independently verifying all income, expenses, leases, zoning, and intended property use. Don't miss this outstanding investment opportunity!
1231 DREXEL AVENUE Facts & Features
- Type
- Lot 0.28 Acres
Details
General
Income/Expenses
- Existing Lease Type: Gross,Long Term,Month to Month
- Gross Scheduled Income: 118577.00
- Operating Expense: 48883.00
Listing Information
- Availability Date: 2026-06-08
Building Information
- New Construction: No
- Year Built: 1950
Business Information
- Business Type: Medical
- Current Use: Multi Residential,Other
Location/Region
- Country: US
- County: DELAWARE
- County Or Parish: DELAWARE
- MLS Area Major: Upper Darby Twp (10416)
Parking Information
- Total Parking Spaces: 10
- Type of Parking: Parking Lot
Rent/Lease Information
- Lease Term: 36 Months
- Tenant Pays: Electricity, Cable TV, Insurance
Tax Information
- City/Town Tax: 8832.00
- City/Town Tax Payment Frequency: Annually
- School Tax: 16709.00
General Information
- Property Sub Type: Other
- Property Type: Commercial Lease
- School District Name: UPPER DARBY
- Vacation Rental: No
- Zoning: R-60 DWELLING W/ COMMERC
Unit Information
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Interior
Building Information
- Heating Fuel: Natural Gas
- Total Drive In Doors: 0
- Total Restrooms: 6
Parking Information
- Garage: No
Building Interior
- Central Air: No
- Hot Water: Natural Gas
General Information
- Accessibility Features: None
- Cooling: Window Unit(s)
- Leasable Area: 1200
Exterior
Building Information
- Total Loading Docks: 1
Parking Information
- Parking Features: Paved Parking
Lot Information
- Lot Dimensions Source: Assessor
- Lot Size Acres: 0.28
- Lot Size Dimensions: 79.60 x 150.00
- Lot Size Source: Assessor
- Lot Size Square Feet: 12197.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Leased: 5
- Number Of Units Total: 1
- Sewer: Public Sewer
- Water Access: No
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Total Rent: 1460.00
- Description: 1231 A
Unit 2 Details
- Unit Type: Unit 2
- Description: 1231 B
Unit 3 Details
- Unit Type: Unit 3
- Total Rent: 1325.00
- Description: 1233
Unit 4 Details
- Unit Type: Unit 4
- Total Rent: 1480.00
- Description: 1233B
Unit 5 Details
- Unit Type: Unit 5
- Description: Dental Office
1231 DREXEL AVENUE Neighborhood
Community
19026 (DREXEL HILL) Demographics
1231 DREXEL AVENUE Market Data
Based on the last 30 days in this zip code
1231 DREXEL AVENUE History
| Date | Value | Agent |
|---|---|---|
| 6/30/2026Source: BRIGHT MLS | ACTIVE UNDER CONTRACT |
|
| 6/12/2026Source: BRIGHT MLS | ACTIVE |
|
| 6/8/2026Source: BRIGHT MLS | ACTIVE |
|
| 6/8/2026Source: BRIGHT MLS | TEMP OFF MARKET |
|
| 6/8/2026Source: BRIGHT MLS | June 08, 2026 |
|
| 6/8/2026Source: BRIGHT MLS | June 08, 2026 |
|
| 12/3/2024Source: BRIGHT MLS | August 13, 2021 |
|
| 12/3/2024Source: BRIGHT MLS | August 13, 2021 |
Contact Information: 6105661100