Recently Renovated 5 unit property in red hot West Philly! This is a large building and great unit mix just east of the quickly developing 52nd Street Corridor. Excellent cash flow opportunity for an investor looking for an expected cap rate above 8%. New construction and renovated buildings are going up all along this block. The first level unit features 2 spacious bedrooms with all new kitchen, bathroom, flooring and paint. The lower level is a large 1 bedroom unit currently leased for $925. The second floor contains both a renovated 1 bedroom with huge front windows and plenty of natural light throughout and a renovated studio unit with all new kitchen and bathroom. The third floor features a junior one bedroom with recent updates. Just blocks from the Market Street Subway line to Center City and a quick walk from local shopping, dining, and parks. Blocks from the Market-Frankford Subway line, Malcom X Park, Baltimore Avenue shops and restaurants, and major transportation hubs. Right in the heart of a Qualified Opportunity Zone! This unique opportunity will not last.
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Courtesy of: Compass Pennsylvania, LLC 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: 5th October, 2022 4:23 PM (UTC)
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