Value-add triplex in University City submarket of Philadelphia, Pennsylvania. Walkable to Usciences + UPENN plus SEPTA train station. Three (3) units fully-leased. All 1bd units with spacious interiors and charming original features like hardwood floors, super high ceilings and bay window. 2 of 3 units are bi-level with additional flex space which can be monetized/used as 2nd bedroom. Significant recent capital improvements include: Plumbing, exterior upgrades, new roof. Raise rents dramatically (+200/unit) with cosmetic upgrades. Units should rent for 1100/mo ARV. Currently generating 2475/mo (30k/yr). Expenses roughly 8k/yr. Pro forma gross annual income = 40,000.Pro forma annual expenses = 6,000. Pro forma NOI = 34,000. Pro forma cap rate = 9%.Tenant-occupied; 24hr notice required to show. *SF estimated
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