Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
3,159
This 5-unit building offers a rare investment opportunity just steps from the rapidly developing 52nd Street Corridor. With a mix of one 3-bedroom unit and four 1-bedroom units, this property boasts significant rental income potential with an expected cap rate of over 10%. Rent projections are based on actual Philadelphia Housing Voucher Program rents. The first-floor unit has been renovated with a modern kitchen, updated bathroom, new flooring, and fresh paint throughout, making it a standout feature. The lower-level one-bedroom unit is currently leased, offering immediate cash flow, while the upper units have also been updated to include spacious layouts, large windows, and plenty of natural light. Located within the Philadelphia School District, this property is just a few blocks from the Market-Frankford Subway line, providing easy access to Center City, local shopping, and dining along Baltimore Avenue, and the vibrant community around Malcolm X Park. The seller’s favorite aspect of the location is its proximity to everything while being situated in a Qualified Opportunity Zone, presenting a unique investment advantage for buyers. This building is perfect for investors looking for a high-yield property in a growing area. Don’t miss your chance to invest in this income-producing property—schedule a tour today!
Features & Amenities
Interior
-
Total Bedrooms
7
Area & Lot
-
Lot Size(acres)
0.04
-
Property Type
Residential Income
-
Architectural Style
Traditional
Exterior
-
Garage
No
-
Parking
On Street
Financial
-
Sales Price
$599,000
-
Tax Amount
5830.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Michael D Phillips , Compass Pennsylvania, LLC
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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