**Call Showing Time Appt Center to Show. 48 hours notice required** Have you ever wanted to own your own apartment building? This well maintained 6 unit building is an excellent investment. You won't find too many like this on the market. Five 1BR Bedroom units and 1 Efficiency unit. Two of the 6 units have private exterior entrances. All are separately metered for electric and gas. Tons of street parking and beautiful open fields directly across the street. Currently brings in $52,980 annually (property is managed by owner) with $9550 in expenses. Currently a 7.24% Cap rate at $599,900. With market rents, this building can operate at a 8.15% Cap! All tenants are paying. No past due rent as of 9/2021. Updates: several of the heaters and hot water heaters are new and each Kitchen was renovated approx. 5 years ago. All refrigerators and stoves included (as-is condition). The fire alarm system was updated approx 4 years ago. This property is in walking distance of several schools, parks and recreation centers, and supermarkets. A variety of public transportation options (including Market Frankford Line to Center City) and I-95, Route 1 and the bridges to NJ are all in close proximity. Contact Showing Time to schedule appointments. 48 hours notice. 2021-11-17
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.
