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13087301
13087303

2530 Ridge Ave, Philadelphia, PA 19121

RC
PA RS330536
Keller Williams Philly
Listed by Keller Williams Philly
$3,200,000
982 days on market
Updated 150 days ago

North Philly Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Units 18
Cap Rate 9.41%
NOI $301,010
Occupancy 97%
Class B
Year Renovated 2022
Buildings 6
Zoning RM1
Investment Type Stabilized
Ownership Fee Simple

Turnkey - 6 Building - 18 Unit Portfolio

Marketing description

Property Addresses: 2725 Glenwood Ave, 2530 Ridge Ave, 1913 N 23rd, 1941 N 23rd, 1210 W Dauphin, and 1212 W Dauphin

Here is a remarkable investment opportunity in the heart of Philadelphia – a portfolio of six triplex multi-family buildings, offering a total of 18 units, 19 bathrooms, and 31 bedrooms. This is an exceptional chance for discerning investors seeking a strong return. All leases except for Glenwood units are through PHA making rent payments guaranteed. 2024 rents are poised to increase $1764 for 2 beds and $1476 for 1 beds. Advertised rents are for 2024 proforma, and current cap rate is 8%+

**Key Features:**

- Turnkey Recently Renovated Portfolio: These properties have been meticulously renovated, ensuring they are in superb condition and ready for occupancy or rental.

- Rent Program Tenants: Enjoy the reliability of guaranteed rent from the city, providing a stable income stream.

- Under Market Rents: There exists an opportunity to maximize your returns by adjusting rental rates to align with the current market conditions.

- Proximity to Philadelphia Schools: These properties are conveniently located near Philadelphia schools, making them appealing to potential tenants with families.

**Location:**

Strategically positioned in Philadelphia, a city renowned for its vibrant culture and robust real estate market. With easy access to schools and essential amenities, this location is poised for growth and offers excellent rental potential.

**Exclusively Brokered by MY Philly Cassell**

This outstanding investment opportunity is exclusively represented by MY Philly Cassell, your trusted partner in Philadelphia real estate. If you are considering expanding your investment portfolio or entering the dynamic Philadelphia real estate market, this is an opportunity you should explore. Seize this remarkable chance to acquire this portfolio of multi-family buildings. Contact us today to obtain more details and take the first step toward securing a prosperous investment in the City of Brotherly Love.

Investment highlights

**Property Details:**

-OM: https://northphillyportfolio.myportfolio.com/

- Total of Six Triplex Multi-Family Buildings

- Offering a Total of 18 Units

- Comprising 19 Bathrooms

- Featuring 31 Bedrooms

- Approximately 13,500 Square Feet

- Priced at $3,200,000

Listing Contacts

RC
PA RS330536
Keller Williams Philly
Listed by Keller Williams Philly

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$301,010.00
$25,084.17/mo

Valuation Metrics

0
DSCR
9.41%
Cap Rate
9.41%
ROI

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