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33226462
33226477

6 Locations For Sale

MC
PA, AB006937
Keller Williams Executives Realty
EM
Keller Williams Philly
Listed by Keller Williams Executives Realty, Keller Williams Philly
$699,000
48 days on market
Updated 48 days ago

PHILLY VALUE RENTALS

Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Cap Rate 11.50%
Occupancy 88.89%
Tenancy Single
Class C
Buildings 6
Zoning RSA 5 and RTA 1
Investment Type Stabilized

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

Listing Contacts

MC
PA, AB006937
Keller Williams Executives Realty
EM
Keller Williams Philly
Listed by Keller Williams Executives Realty, Keller Williams Philly

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