3-unit multifamily property near UPenn! Fully leased with an IN-PLACE rent roll of $63,900 / year. Units are large and spacious that go up to 4th floor! Basement halfway above grade for easy access for laundry room. Treeline block on Pine Street just blocks away from Penn Alexander Charter School. All units have hardwood floor, oversized windows, high ceilings. New owner can do additional renovation to increase the rents further. Existing income represents a 7% cap rate, higher than current interest rates and easy to finance if necessary.
Seller agent has financial interest in the property!
Property Type :
Multi-Family
Subdivision :
University City
County :
PHILADELPHIA
Style :
Multi-Family
Sell a home like this and save $44,501 Find Out How
Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.
ByOwner last updated this listing 04/29/2024 @ 05:47
MLS: PAPH2329340
LISTED BY: Hui Hui , Tesla Realty Group, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
