Part of a Portfolio - $2,823,000 ($166,058.82/Unit)
Cap: 5.78%
9 Units
Portfolio Overview
Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia.
The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements.
Seller is willing to sell properties individually or as a portfolio.
1604 S 56th St:
Asking Price
$343,000
Property Type
Duplex
Financial Summary
Gross Annual Income:
$31,800
Annual NOI:
Approximately $24,925
Cap Rate:
7.27%
Highlights
• Stable duplex
• Strong rental location
• Existing cash flow
• Opportunity for future rent growth
Building Notes
Seller has not yet provided:
Utility responsibilities
Roof age
Mechanical ages
Water heater ages
Recent renovations
Building systems
Deferred maintenance information
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Listing Snapshot
Price
$343,000
Days On Site
52 Days
Bedrooms
4
Inside Area (SqFt)
1,892 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
1920
MLS® Number
PAPH2654808
Status
Active
Property Tax
$3,542
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
2 months ago
Listing updated with changes from the MLS®
2 months ago
Listing first seen on site
General Features
Acres
0.03
Foundation
Stone
Parking
On Street
Property Sub Type
Duplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
1892
SqFt Total
1892
Style
Straight Thru
Water Source
Public
Zoning
RSA5
Interior Features
Appliances
Electric Water Heater
Heating
ElectricRadiant
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Exterior Features
Pool Features
None
Community Features
MLS Area
19143 (19143)
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Schools
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Capital Commercial Real Estate Group
