4244 Romain St
PHILADELPHIA, PA 19124

$1,299,999

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. 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#PAPH803694
Sub-TypeResale
StatusActive
Year1940
Days On Site21

Features

SQ Feet1,220
Units4

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19124
Area19124 (19124)
Listing VS Median (in 19124)
Price:
$1,299,999
low | high
Med:
$125,000
100% of Average
SqFt:
1,220
low | high
Med:
896
76.55737704918% of Average
$ / SqFt:
$1,066
low | high
Med:
$140
100% of Average
On Site:
21
low | high
Med:
2
100% of Average
Listing Updated: 06/25/2019
MLS Number: PAPH803694
Listing Provided By:
Danielle S Py-Salas  of  Realty ONE Group Legacy