PHILLY VALUE RENTALS
Multifamily | 11.50% CAP | 0 Units
Marketing description
Portfolio of 1 multifamily and 5 single family rental properties in Philadelphia with a total of 9 units. The portfolio is currently generating monthly rental income with most units leased through 2025 and 2026. Buy 1 or Buy them ALL. All of the units, but 1 (650 Sickels) are rented. Properties are in good condition, and this package is a nice affordable long-term investment. A full agreement of sale and Proof of funds is required, and with agreeable terms and conditions, a 10-day due diligence will be granted to buyer with a full property tour and financials. Seller is open to selling single properties or as a full package. All offers will be presented and proof of funds with financial strength is required, all units are licensed and lead tested. All deposit checks/wires must be received within 48 hours of a signed agreement of sale. These rental homes will offer a good yield as Philadelphia continues to build momentum.
Investment highlights
- Total portfolio price of $699,000 for 8 rental units across 6 properties
- Currently generating $7,275 in monthly rental income
- Most units leased through 2025-2026 with stable tenant base
- Annual property taxes total $9,844 across all properties
- Mix of 1, 2, and 3 bedroom units appealing to various tenant demographics
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