4-unit multifamily property near UPenn! Fully leased with an IN-PLACE rent roll of $64,140 / year. Units are large and spacious that go up to 4th floor! Basement halfway above grade for easy access for laundry room. Treeline block on Pine Street just blocks away from Penn Alexander Charter School. All units have hardwood floor, oversized windows, high ceilings. New owner can do additional renovation to increase the rents further. Existing income represents a 7% cap rate, higher than current interest rates and easy to finance if necessary. Seller agent has financial interest in the property!
MLS# | PAPH2329198 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1905 |
Days On Site | 254 |
Listing Provided By | Tesla Realty Group, LLC | Hui Hui |
SQ Feet | 3,200 |
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Basement | Y |
Zoning | RTA1 |
Acreage | 0.05 |
State | PA |
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County | Philadelphia |
City | Philadelphia |
Zip Code | 19104 |
Area | 19104 |
School District | The School District Of Philadelp |
Listing VS Median (in 19104) | |
Price: $750,000 low | high Med: $2,103 SqFt: 3,200 low | high Med: 2,571 $ / SqFt: $234 low | high Med: $1 On Site: 254 low | high Med: 62.500000 |