1538 South 58th Street, Cobbs Creek, 19143. This 3 Unit property is rented for $2,225 per month, which brings in a total annual rental income of $28,925 per year (Cap Rate: 15%) . It has three separate electric meters & gas meters which makes splitting the utilities for each unit very simple. Each unit is complete with 2 Bedrooms, 1 bathroom, & a kitchenette. The taxes are very low; $1,538 (2021). The property is situated on the corner of 58th & Florence which is about one block off of Cobbs Creek Parkway, and walking distance to a number of shops, bus stops, & schools (WC Longstreth Elementary School). This is a safe & turnkey investment for an investor looking to break into the Philadelphia market. At least 24 hours notice is required for showings. Buyer is responsible for obtaining a clear U&O if desired. Must use seller's title company (City & Suburban Settlement Services). Motivated seller. Give me a call today to schedule a showing !
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
