Fully occupied 7-unit apartment building featuring six 1-bedroom apartments and one 2-bedroom apartment. All units are currently occupied and producing rental income. Current monthly gross rental income is approximately $5,910, or $70,920 annually.
Landlord is responsible for cold water, trash, exterminating, snow removal and landscaping. Building has one house electric meter. All tenants are currently in place, and the property has clean common hallways and well-maintained areas.
Most leases are month-to-month with 60 days' notice; the Section 8 tenancy requires 30 days' notice. Property is subject to real estate taxes. Seller is also addressing the real estate tax assessment, with the applicable appeal deadline in October 2026.
Strong opportunity for an investor seeking a fully occupied Philadelphia multifamily property with established rental income and multiple units. Buyer to independently verify all rents, leases, expenses, utility arrangements, unit configurations, and Section 8 information.
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Listing Snapshot
Price
$875,500
Days On Site
15 Days
Bedrooms
8
Inside Area (SqFt)
3,600 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.07 Acres
Year Built
1915
MLS Number
PAPH2679240
Status
Active
Property Tax
$7,224
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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