Landlord Special! Fully Occupied 5-Unit Portfolio + Vacant Lot — Approx. 9% Cap Rate.
Exceptional investment opportunity on Margaret Street in Philadelphia! This unique offering includes three RM-1 parcels being sold together (Parcel IDs: 885305060, 232163500, and 232163600), creating an outstanding opportunity for investors looking to expand their portfolio with immediate cash flow and future development potential. Property certifications are available in the document section.
2049 and 2051 Margaret Street feature five fully occupied 1-bedroom, 1-bathroom rental units, each currently leased for $675 per month, generating $3,375 in monthly rental income ($40,500 annually). A new roof has recently been installed, adding value and reducing near-term capital expenses.
2047 Margaret Street is a vacant lot offering endless possibilities for future development, expansion, additional parking, or outdoor space to enhance the existing investment.
Conveniently located just minutes from I-95, this property provides quick access to Center City Philadelphia, Philadelphia International Airport, and New Jersey. Public transportation is available right at the corner, making the location especially attractive to tenants.
The portfolio is being sold as-is, and the seller will make no repairs.
Whether you’re an experienced investor or looking to grow your rental portfolio, this income-producing package offers immediate cash flow, approximately a 9% cap rate, and long-term upside through the included vacant lot. Don’t miss this rare opportunity to own a versatile investment package on Margaret Street.
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Listing Snapshot
Price
$350,000
Days On Site
86 Days
Bedrooms
2
Inside Area (SqFt)
1,104 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.02 Acres
Year Built
1935
MLS® Number
PAPH2646330
Status
Active
Property Tax
$1,851
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
3 weeks ago
Status changed to Active
3 weeks ago
Listing updated with changes from the MLS®
3 months ago
Listing first seen on site
General Features
Acres
0.02
Foundation
Brick/Mortar
Number Of Stories
2
Parking
On Street
Property Sub Type
Duplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
1104
SqFt Total
1104
Style
Other
Water Source
Public
Zoning
RM1
Interior Features
Appliances
Gas Water Heater
Heating
ElectricBaseboard
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Exterior Features
Construction Details
Frame
Pool Features
None
Community Features
MLS Area
19124 (19124)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Real Estate - West Chester
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