3960 N 7th St
PHILADELPHIA, PA 19140

Description

This property is being SOLD ONLY AS PART OF A PACKAGE DEAL that includes 13 single family homes and a multi-family property - all of which are located in Philadelphia. The single-family homes range from 3 bedroom 1 bath to 4 bedroom 1.5 bath. The breakdown is showcased in the attached documentation. This portfolio has 100% occupancy and offers tremendous value with an annual gross income of $161,652.00 with a 9%+ cap rate. You'll see from the attached proforma that the annual gross income can be substantially increased by converting 6 of the 14 units to PHA rentals and increasing rent on the 3 of the 9 units currently on PHA. This would increase the cash flow return to over 20%! All buyers are required to showcase proof of funds/pre-approval to gain access to sample properties to view. MLS # PAPH803404, PAPH803432, PAPH803438 and PAPH803694 are included in this sale and are a representation of the variety of properties included in this portfolio.

Details

MLS#PAPH803404
Sub-TypeResale
StatusActive
Year1950
Days On Site21

Features

SQ Feet1,140
Units2

Loading Form

Loading Form

Area Information

StatePA
CityPHILADELPHIA
Zip Code19140
Area19140 (19140)
Listing VS Median (in 19140)
Price:
$150,000
low | high
Med:
$75,000
100% of Average
SqFt:
1,140
low | high
Med:
1,120
51.754385964912% of Average
$ / SqFt:
$132
low | high
Med:
$67
99.107142857143% of Average
On Site:
21
low | high
Med:
21
100% of Average
Listing Updated: 06/25/2019
MLS Number: PAPH803404
Listing Provided By:
Danielle S Py-Salas  of  Realty ONE Group Legacy