Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
N/A
8831 & 8837 Gap Newport Pike offer a unique package of two parcels spanning approximately 2.4 acres, featuring 10 rental units across 5 buildings. Seven of the units share a desirable layout with 1,200+ sq ft of living space, each with separate entrances and attached garages. Several also include finished or finish-ready basements, creating the opportunity to expand into 3-bedroom units and maximize rental income. Of these seven, four are 2-bedroom & three are 3-bedroom. The main house adds a 3-bedroom unit & two more 2-bedroom units, all well-maintained with long-term tenants in place. Current Gross Annual Rental Income: $142,200. Projected Market Rent (2BR): $1,500+ per month. Projected Market Rent (3BR w/ basement conversions): $1,700+ per month. With stable income already in place and significant upside through rental increases and unit enhancements, this property is a strong addition to any portfolio. Conveniently located along Gap Newport Pike, the site offers ample parking and a blend of immediate cash flow and long-term appreciation potential. Please do not walk the property or disturb tenants. All showings must be scheduled.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Oil, Propane, Hot Water
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Concrete, Frame, Stucco
-
Parking
Garage, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
2.4
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,649,000
-
Tax Amount
9406.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Septic Tank, Public Sewer
-
Tax Lot
0030.0200
-
Water Source
Public
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Location
County
CHESTER
Elementary School
Middle School
High School
Listing Courtesy of Aaron Alexander Jones , Iron Valley Real Estate Exton
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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