Exp Realty - Kyra Brinson Group
Listed by Exp Realty - Kyra Brinson Group
$4,500,000
6066 E Roosevelt Boulevard
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,552
Units 24
Price per SqFt $2,899
Year Built 1940
Acreage 0.690
Zoning RSA5
Parking Spaces 30 spaces
Parking Per SqFt 19.33
Ownership Fee Simple
Multifamily | 24 Units
Marketing description
Exceptional opportunity to acquire a 24-unit residential portfolio throughout the Northeast Philadelphia corridor, with the flexibility to purchase the entire package, buy in neighborhood blocks, or purchase individual properties. One unit may be sold separately depending on offer strength. Northeast Philly Portfolio (2) The portfolio spans several of the city's strongest rental submarkets, including Mayfair, Oxford Circle, Frankford, Tacony, Lawncrest, and West Philadelphia. These areas are known for long-term tenant stability, consistent rent demand, strong appreciation trends, and low vacancy rates. The mix includes performing rentals, month-to-month tenants, and select vacant or value-add units, giving investors immediate income along with clear upside through turnover, rent increases, and light repositioning. Current rents across many properties remain below market due to long-term tenancy. This creates significant room for rent growth once units are brought to market levels or re-leased. The stabilized portfolio projects an estimated 810% cap rate, with additional built-in equity available at acquisition. Management can remain in place for a seamless transition if desired. This offering is suitable for cash buyers, conventional investors, DSCR financing, private lending, and potential seller financing. Exterior drive-by showings are allowed; interior access will be coordinated after an accepted offer to respect tenant privacy. A rare chance to secure substantial cash flow, appreciation, and scalable management efficiency across one of Philadelphia's most resilient and high-demand rental markets. See Documents For Proforma. Full rent rolls, ledgers, photos, and the offering memorandum are available upon request.
Investment highlights
- Lot Size Square Feet: 30000.00
- Number of Units Leased: 21
- Number Of Units Vacant: 3
- Lot Dimensions: 16.00 x 100.00
- Three Bedroom Units Count: 24
- Lease Type: Month to Month
- Ownership: Fee Simple
Listing Contacts
Exp Realty - Kyra Brinson Group
Listed by Exp Realty - Kyra Brinson Group
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