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Unlock the potential of this rare 10-unit multifamily gem, a prime value-add investment offering immediate cash flow and long-term appreciation in Northeast Philadelphia's high-demand rental market. Featuring ten well-designed 1-bedroom units, each 500 sq. ft. with a living room, eat-in kitchen, bedroom, and full bathroom with a tub, this property presents an exceptional opportunity for investors. With five vacant units and five month-to-month tenants paying below-market rents, the potential to increase cash flow is immediate, with market rents projected at $1,440 per unit, generating up to $14,000+ in monthly rental income. Whether you choose to modernize units with light cosmetic updates or take advantage of guaranteed Section 8 rental income, this property is an ideal high-yield investment. Offered at $1.4M with a projected 8% cap rate and low annual taxes under $6,000, this asset is positioned for strong equity growth. Sitting on a spacious 0.2-acre lot with 4,600+ sq. ft. of interior space, this property provides incredible expansion potential, including the ability to add a third floor for additional units or utilize the side and backyard for off-street parking, a play area, or premium tenant amenities. Strategically located near major transit, Roosevelt Blvd's shopping district, the Navy Yard, and top employment hubs, tenant demand remains strong, ensuring consistent occupancy and long-term profitability. Whether you're looking to renovate, reposition, or expand, this property is a rare opportunity to maximize returns and build equity in a thriving rental market. Schedule your private tour today and take the next step toward a high-performing investment! Reach out to schedule your private tour today!
| DAYS ON MARKET | 1 | LAST UPDATED | 3/16/2025 |
|---|---|---|---|
| YEAR BUILT | 1957 | COMMUNITY | 19111 (19111) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | PHILADELPHIA CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19111 (19111) |
| HEAT | Baseboard, Natural Gas |
| LOT | 8276 sq ft |
| LOT DIMENSIONS | 60.00 x 140.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 5999 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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