Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1940
Sq.Footage
N/A
Introducing an exceptional investment opportunity brought to you by the PCREA team. This portfolio is the result of over 45 years of acquisition by a family-owned business, meticulously maintained to this day, now for sale due to current owners wanting to retire. The portfolio boasts the majority of both sides of an entire city block and includes 14 fully-occupied single-family homes, two 5-unit apartment buildings, a 6500 +/- sq ft lot, 6 bay small rental garage spaces, and a 30,000 +/- sq ft warehouse. Situated in a cul-de-sac on the 1900 block of E Stella St, which ends at an elementary school, this portfolio is in a prime location, close to local highways and mass development. The residential units are fully occupied, grossing $317,400 annually in rent with all tenants paying on time - does not include the owner-occupied industrial spaces (warehouse, garage). Furthermore, the two five-unit buildings have the potential to increase their rent by at least 20% with no capital investment. The warehouse lot and garage spaces are currently owner-occupied and will be sold vacant. Based on market comps, the warehouse should yield between $8.15-$9 per sq ft annually. This pro forma rent is based on 68 of 20,000 ft.² of the warehouse. With minimal investment, this portfolio offers endless opportunities for future value and current rental increases. When fully occupied, it is expected to yield around a 10% cap rate. The convenience of having all properties on one block makes managing this portfolio a breeze. Perfect for investors, developers, or owner-occupants seeking industrial space, this portfolio is a rare and unique investment opportunity not to be missed. Contact us now to schedule a tour and secure your investment in this highly sought-after location.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.21
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Parking
On Street, Private, Garage
Financial
-
Sales Price
$4,100,000
-
Tax Amount
6861.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of ERIC Andrew Dvotsky , BHHS Fox & Roach-Center City Walnut
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.

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