Landlord Special! Fully Occupied 5-Unit Portfolio + Vacant Lot — Approx. 9% Cap Rate. Exceptional investment opportunity on Margaret Street in Philadelphia! This unique offering includes three RM-1 parcels being sold together (Parcel IDs: 885305060, 232163500, and 232163600), creating an outstanding opportunity for investors looking to expand their portfolio with immediate cash flow and future development potential. Property certifications are available in the document section. 2049 and 2051 Margaret Street feature five fully occupied 1-bedroom, 1-bathroom rental units, each currently leased for $675 per month, generating $3,375 in monthly rental income ($40,500 annually). A new roof has recently been installed, adding value and reducing near-term capital expenses. 2047 Margaret Street is a vacant lot offering endless possibilities for future development, expansion, additional parking, or outdoor space to enhance the existing investment. Conveniently located just minutes from I-95, this property provides quick access to Center City Philadelphia, Philadelphia International Airport, and New Jersey. Public transportation is available right at the corner, making the location especially attractive to tenants. The portfolio is being sold as-is, and the seller will make no repairs. Whether you’re an experienced investor or looking to grow your rental portfolio, this income-producing package offers immediate cash flow, approximately a 9% cap rate, and long-term upside through the included vacant lot. Don’t miss this rare opportunity to own a versatile investment package on Margaret Street.
4 days
|
16
|
0
|
Zillow last checked:
Listing updated:
Listed by:
Deneen Sweeney484-888-3177,
Keller Williams Real Estate - West Chester6103995100,
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.
See how much you could borrow to make a competitive offer.