Listed by Jim Roche Real Estate
$1,350,000
9 Residences Portfolio - Philadelphia
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 9
Cap Rate 9.00%
NOI $91,870
Occupancy 100%
Tenancy Single
Pro-Forma NOI $163,961
Buildings 9
Zoning RSA5
Investment Type Stabilized
Single Family Portfolio | 9.00% CAP | 9 Units
Marketing description
Nine occupied rowhouses spanning two distinct sub-markets: the stable Northeast Philadelphia rowhouse corridor (Holmesburg, Lawncrest, Frankford) and the transit-dense North Philadelphia neighborhoods of Juniata Park and Feltonville — core Section 8 voucher utilization zones where PHA payment standards substantially exceed current in-place rents. The portfolio delivers immediate cash flow at a 9% blended cap rate, with a credible Section 8 conversion path that could revalue the portfolio by $500,000 or more.
Investment highlights
- All 9 units occupied generating $9,350/month — $112,200 annually — against $20,330 in estimated taxes. At $1,350,000 the portfolio delivers ~$91,870 NOI at a 9% blended cap rate with zero lease-up risk.
- Six of nine properties sit in PHA Group 1 ZIP codes (19124) where the 3BR payment standard is $1,788/month. Current rents average ~$960/month. Fully stabilized S8 projects $17,064/month and portfolio value of $1.5M–$1.9M.
- Nine doors in a single closing at $150,000/door average. Individual retail comps range $132K–$220K — this portfolio prices at or below replacement cost on a per-door basis.
- Classic Philadelphia stone and brick rowhouses throughout. Several feature covered porches, finished basements, and established long-term tenants in place.
Listing Contacts
Listed by Jim Roche Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$91,870.00
$7,655.83/mo
Valuation Metrics
0
DSCR
6.81%
Cap Rate
6.81%
ROI
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