High cap opportunity for investors or flippers, a (10) ten-unit, value-add portfolio located throughout Delaware County in Brookhaven, Trainer, Woodlyn, Eddystone, and Chester City. All have consistently passed section 8 and township inspections year over year. The turnkey investment portfolio consists of (2) two single family dwellings, (4) four twins and (4) four townhomes that have equity upside as flips or add to your rental portfolio. The average square footage of the units is 1289 square feet. The average rent per unit is $1329/month. The total portfolio rent roll is $13,292/month and current cap rate is 9%. Expenses per property average out to $3703/per property The current average rent rate in this market is $1515/month (Total portfolio: $15, 150/month). There is an excellent opportunity for an investor to increase rents and increase cap rate to 12%-13% based on current rental rates. Properties are being sold as-is. Buyer responsible for U & O. Tenants are responsible for payment of all utilities except sewer. All buyers must be pre-approved before showings.
TownhomeProperty Type
1970Year Built
6,534 sq ftLot Size
$180Est. Price/Sq.Ft.
Listed by Ralph Harvey• ListWithFreedom.com
•855-456-4945 (broker)
•support@listwithfreedom.com (broker)
Bought with Non Member NON MEMBER• Non Subscribing Office
End row being sold in AS-IS condition. No inspection contingencies. Any inspections must be completed prior to submitting an offer. Addendums and proof of funds required with all cash offers. Any mortgage offer must include addendums and mortgage pre-approval that states "income, assets and credit have been reviewed by the lender". Pre-approval must also state property is being sold in AS-IS condition and no repairs will be required prior to settlement or it is not a valid pre-approval. Mortgage broker pre-approvals must be from end lender, not the mortgage broker. Addendum requires buyer initials on page 2 at paragragh 9c where buyer is notified they are responsible for Seller closing costs relating to title and both sides of transfer tax. VA closing costs added to buyer costs are approximately an additional $735.
Public Records
Nov 21, 1977
Sold
$30,900
$24/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,532 (+0.7%)
$19,760 + $85,800
$105,560
2025
$2,515 (+3.1%)
$19,760 + $85,800
$105,560
2024
$2,438 (−3.4%)
$19,760 + $85,800
$105,560
2023
$2,525 (+43.8%)
$19,760 + $85,800
$105,560
2022
$1,756 (−31.3%)
$19,760 + $85,800
$105,560
2021
$2,556 (+11.0%)
$19,760 + $52,120
$71,880
2020
$2,303 (−0.2%)
$14,410 + $38,740
$53,150
2019
$2,308 (+1.2%)
$14,410 + $38,740
$53,150
2018
$2,280 (+4.3%)
2017
$2,187 (−6.5%)
2015
$2,338 (+10.8%)
2014
$2,110 (+4.8%)
2013
$2,013 (−0.9%)
2011
$2,033 (+4.1%)
2010
$1,953
Tax history for 1537 Rainer Rd
Year
Property tax
Land + Additions
Assessment*
2026
$2,532 (+0.7%)
$19,760 + $85,800
$105,560
2025
$2,515 (+3.1%)
$19,760 + $85,800
$105,560
2024
$2,438 (−3.4%)
$19,760 + $85,800
$105,560
2023
$2,525 (+43.8%)
$19,760 + $85,800
$105,560
2022
$1,756 (−31.3%)
$19,760 + $85,800
$105,560
2021
$2,556 (+11.0%)
$19,760 + $52,120
$71,880
2020
$2,303 (−0.2%)
$14,410 + $38,740
$53,150
2019
$2,308 (+1.2%)
$14,410 + $38,740
$53,150
2018
$2,280 (+4.3%)
2017
$2,187 (−6.5%)
2015
$2,338 (+10.8%)
2014
$2,110 (+4.8%)
2013
$2,013 (−0.9%)
2011
$2,033 (+4.1%)
2010
$1,953
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.