Property Back to Results Property

Philadelphia, PA 19140

$324,900
: 2,575
SqFt

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

List Price: $324,900
Status: ACTIVE
MLS#: PAPH2674262
Living Area: 2,575
Lot Size (Acres): 0.03
Style: Other
Year Built: 1940
County: Philadelphia
School District: The School District Of Philadelphia

Refine Search

Property Description

INVESTMENT OPPORTUNITY – LEGAL 5-UNIT MULTIFAMILY IN GROWING PHILADELPHIA NEIGHBORHOOD | 7.6% CAP RATE Here’s your chance to own a legal five-unit apartment building in one of Philadelphia’s rapidly growing neighborhoods. Ideally situated near Route 1 and Broad Street, this property offers unbeatable convenience and strong rental demand. The building consists of: (3) One-bedroom units (2) Studio units Three of the five units have been recently renovated, and the entire property is in solid, well-maintained condition. With conservative rents projected (see attached pro forma), this investment offers a starting cap rate of 7.6%—and potential for increased returns with further updates or market rent adjustments. Highlights: Prime commuter location near major arteries Legal 5-unit building Renovations already completed in majority of units Strong cap rate in a developing market Whether you’re looking to expand your portfolio or enter the multifamily market, this property checks all the boxes: location, cash flow, and upside potential.

Search All Properties

Additional Information

Area: 19140 (19140)
School District: The School District Of Philadelphia
Heating: Electric Baseboard
Cooling: None
Roof: Flat
Water: Public
Sewer: Public Sewer
Basement: Full