200 Barker Ave, Sharon Hill, PA 19079
- $399,999
- 2,198
- SqFt
- List Price
- $399,999
- Days on Market
- 21
- Status
- ACTIVE
- MLS#
- PADE2119074
- Living Area
- 2,198
- Lot Size (Acres)
- 0.12
- Style
- Contemporary
- Year Built
- 2002
- County
- Delaware
- School District
- Southeast Delco
Property Description
Turnkey, fully occupied duplex delivering immediate cash flow from day one. 200 Barker Avenue presents a rare investment opportunity in Sharon Hill with strong in-place income, low operating expenses, and long-term upside potential. Built in 2002/2004 — significantly newer than much of Sharon Hill’s housing stock — this property offers lower long-term capital expenditure exposure compared to older multifamily inventory throughout the area. Recent improvements include brand-new kitchens, updated flooring, new roof, and upgraded HVAC systems, making this a true turnkey asset with no deferred maintenance. The property consists of two spacious 2-bedroom, 1-bath units totaling approximately 2,198 square feet. Additional features include separate utilities, separate laundry hookups for each unit, common basement storage, exterior lighting on timers, rear yard space, and a private four-car driveway situated on a corner lot. Investment Highlights: • Gross Annual Rental Income: $42,600 • Verified Annual Operating Expenses: Approximately $12,239 • Projected Net Operating Income (NOI): $30,361/year • Estimated Cap Rate: 7.3% at $440,000 purchase price • Unit 1 Rent: $1,800/month through March 31, 2027 • Unit 2 Rent: $1,750/month through June 30, 2027 (renewal pending) • Tenants pay all utilities — separately metered gas & electric • Long-term, reliable tenants already in place • Potential future upside through rent increases • Seller financing considered for the right structure Located near SEPTA Regional Rail with convenient access to Philadelphia and surrounding employment hubs, the property benefits from strong rental demand, stable occupancy trends, and an established Delaware County rental market. Investment package available upon request, including rent roll, lease copies, and expense history.
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Additional Information
- Area
- Sharon Hill Boro (10441)
- Subdivision
- Sharon Hill
- Taxes
- $9969
- School District
- Southeast Delco
- Elementary School
- Sharon Hill
- High School
- Academy Park
- Flooring
- Carpet
- Heating
- Hot Water
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Roof
- Unknown
- Utilities
- Multiple Phone Lines
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
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Listing courtesy of Keller Williams Realty - Marlton. Contact: 8564416800