$569,000

5628-pckg N 18th St

PHILADELPHIA PA, 19141

Description

Purchase this portfolio and step into immediate cash flow! This portfolio consists of four single-family investment properties in the heart of La Salle University. CAP rate currently at ~9% with a total Year One Return of 27%+. Currently, there is $21,000 in escrow rental monies for these properties that will be released at settlement. All properties are leased with two properties already rented through May/June of 2021. The two remaining properties are in the process of being released for 2021. Each property has hardwood floors throughout the main levels with spacious bedrooms, large common areas, plenty of parking, and washer and dryer in every property. Properties are well maintained and just steps away from La Salle University, Broad st, and just minutes commute to Center City. Many public transportation spots in the area as well as shops, restaurants, and other local attractions. Package consists of one 4 bed, 2.5 bath; two 4 bed, 1.5 bath; and one 4 bed, 1 bath homes.

Details

MLS#PAPH854546
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1950
Days On Site117

Features

Story(s)0
Units1
ZoningRM1

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19141
Area19141 (19141)
Listing VS Median (in 19141)
Price:
$569,000
low | high
Med:
$119,500
100% of Average
On Site:
117
low | high
Med:
138
84.782608695652% of Average
Listing Updated: 03/28/2020
MLS Number: PAPH854546
Listing Provided By:
Guillermo Salas III  of  Realty ONE Group Legacy