School District: The School District Of Philadelphia
Address: 6214 MORTON ST
This massive 8500 SF nine (9) unit apartment building is fully leased on a master lease in the historic Germantown section of Philadelphia, Pennsylvania.
Units have been recently renovated by Ownership and are turnkey, low maintenance, with low expenses. 7.03% in place cap rate. Huge rental upside for new Ownership as rental rates have not been increased in 5 years.
Careful combination of 1, 2 and 3-bedroom apartments with lush rear yard and 5-car garage for additional rental income. Dramatic corner lot with commanding area presence. Emerging area surrounded by dozens of new developments in the blossoming Northwest Philadelphia district - located right off the historic cobblestones of Germantown Avenue with access to amenities, shops, parks and more. Approximately 5 years remaining on tax abatement.
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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: 27th October, 2021 10:15 AM
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