**Call Showing Time Appt Center to Show. 48 hours notice required** Have you ever wanted to own your own apartment building? This well maintained 6 unit building is an excellent investment. You won't find too many like this on the market. Five 1BR Bedroom units and 1 Efficiency unit. Two of the 6 units have private exterior entrances. All are separately metered for electric and gas. Tons of street parking and beautiful open fields directly across the street. Currently brings in $52,980 annually (property is managed by owner) with $9550 in expenses. Currently a 7.24% Cap rate at $599,900. With market rents, this building can operate at a 8.15% Cap! All tenants are paying. No past due rent as of 9/2021. Updates: several of the heaters and hot water heaters are new and each Kitchen was renovated approx. 5 years ago. All refrigerators and stoves included (as-is condition). The fire alarm system was updated approx 4 years ago. This property is in walking distance of several schools, parks and recreation centers, and supermarkets. A variety of public transportation options (including Market Frankford Line to Center City) and I-95, Route 1 and the bridges to NJ are all in close proximity. Contact Showing Time to schedule appointments. 48 hours notice.
*This Payment Calculator is intended for educational and planning purposes only. **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
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Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.