655 Drexel Ave

655 Drexel Ave Drexel Hill, PA 19026

Property Type:
MultiFamily Apartments
Last Verified:
Oct 01, 2020


KW Commercial is pleased to exclusively present for purchase this 3 Unit Investment Property in Drexel Hill, PA. The property consists of two (2) 2 bedroom 1 bathroom apartments and the ground floor is a doctor's office. The two apartments have been renovated from top to bottom within the past two years with new kitchens, new appliances, new floors, trim and many more upgrades. The doctor's office tenant has been in the same location for over 40 years and plans to stay a few more years. He's on a month to month lease, so could be relocated. The asset is well located in a very solid submarket that has historically always had an abundance of renters in need of housing. This building is unique in that it's the end unit and the only one on the block that offers the third unit downstairs.

This property is located in Drexel Hill, about 7 miles away from Center City Philadelphia. With a population of 28,246, Drexel Hill offers a suburban feel in the highly sought after Delaware County.

Building Size: 2309.0sq ft
Lot Size: 0.1 acres

Map of 655 Drexel Ave, Drexel Hill, PA, 19026

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.