School District: The School District Of Philadelphia
Address: 1919 GREEN
Neighborhood: Art Museum Area
Here you have a well-maintained 4-story, 11 unit apartment building that was designed by Frank Furness , in highly sought-after Art Museum Area. The property is fully occupied and all units are separately metered for gas and electricity. The top floor 2 bedroom unit (M) has central air. All tenants are on a 1-year lease that ends in the Spring / Summer of 2022. The basement has 2 dryers and 2 washers that are app operated. There are also dedicated storage closets for each unit. Monthly Income: $12,565, annual
Income: $150,780 .and Net Operating Income: $121,687. When units become available in this building there is always tons of interest. There is a great deal of value add and with rents well below market values for the area, you can definitely increase the rent significantly. You could merely just upgrade the appliances and countertops and increase rents. Recorded video walk-throughs of units are available upon request.
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Courtesy of: Philadelphia Realty Exchange 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: 17th January, 2022 7:47 AM
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