OFF-MARKET | 8-UNIT MULTIFAMILY PORTFOLIO Somerton | Philadelphia, Pennsylvania Asking Price $1,800,000 Investment Highlights ● 8 residential units across 4 duplex buildings ● Portfolio includes: ● 13020 Blakeslee Drive ● 13022 Blakeslee Drive ● 13032 Blakeslee Drive ● 13034 Blakeslee Drive ● Each duplex features: ● Two 2-bedroom apartments ● Two private garages ● Individual laundry hookups ● Identical floor plans for efficient management ● Located in the highly desirable Somerton neighborhood of Northeast Philadelphia ● Convenient access to SEPTA Regional Rail, shopping, restaurants, schools, and major highways ● Strong rental demand with excellent long-term investment potential Financial Summary Gross Annual Income: $175,000 Annual Operating Expenses: Approximately $25,000 Net Operating Income (NOI): Approximately $150,000 Asking Price: $1,800,000 Cap Rate: Approximately 8.33% Investment Opportunity This is a rare opportunity to acquire a well-maintained, income-producing multifamily portfolio in one of Northeast Philadelphia’s most desirable rental markets. The properties offer stable cash flow, low operating expenses, and upside potential through future rental growth. Whether you’re expanding an existing portfolio or completing a 1031 exchange, this asset presents an attractive investment opportunity. Closing Seller is seeking a fast closing. Qualified buyers are encouraged to provide proof of funds or financing pre-approval prior to scheduling property tours. For additional information, including the rent roll, operating statements, or to arrange a private showing, please contact the listing agent.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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