RARE opportunity to own this legal 7-unit, 8,000 sq. ft. apartment building in Tacony at an 7.8% cap rate! $6,700 rent roll (under market), with plenty of upside once rents are raised to market. The property is located less than 5 minutes from I-95, just off of the bustling Torresdale commercial corridor. All units are 2 bed/1 bath, majority having been updated in the last three years with finishes that include vinyl & tiled flooring, led lighting, new paint, energy-efficient toilets, new vanities, tiled bathrooms, etc. New roof was installed in 2021 (transferrable warranty in place). Coin operated washer and dryer may be added in the basement for additional income or space can be rented to tenants to additional storage. All separate utilities except water. Fully occupied with leases through November 2023 – April 2024. Two leases are M2M with tenants in-place since 2015 & 2019. Incredible opportunity for new and seasoned investors alike! Reach out for more details.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 11th June, 2023 1:13 AM (UTC)