Philadelphia, PA 19140

$324,900
: 2,575
SqFt

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List Price: $324,900
Status: ACTIVE
MLS#: PAPH2674262
Subtype: Multi-Family
Style: Other
Year Built: 1940
Living Area: 2,575
Lot Size: 1,172
Acres: 0.03
MLS Area Major: 19140 (19140)

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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.

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Additional Information

Taxes: $4,591
Property Description: Other
Zoning: CMX2
Heating: Electric Baseboard
Air Conditioning: None
Roof: Flat
Foundation: Stone
School District: The School District Of Philadelphia