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1231 Drexel Ave
For Rent $920,000
$920,000
- 1 Units
- Unknown Sq Ft
- 12,197 Sq Ft
- Unknown Cap Rate
Description
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!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $920,000 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1950 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 16100060504 |
| MLS # | PADE2117070 |
| Property ID | 322949095 |
| Lot Sqft | 12,197 |
| Zoning | R-60 DWELLING W/ COMMERC |
| Total Units | 1 |
| Days on Market | 23 |
| Original List Price | Unknown |
| Date Updated | June 27, 2026 |
| Date Created | June 07, 2026 |
| Pets | Unknown |
| Furniture | 0 |
| Laundry | 0 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $118,577 | $0 |
| Cap Rate | 7.20% |
Listing Provided By
Christopher M McGarry an agent of Coldwell Banker Realty. Lic #RS276586
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Data last updated: June 30, 2026.
Robert Crawford
REAL ESTATE AGENT