MLS® ID: PAPH835368
1832 N 23RD STREET
PHILADELPHIA, Pennsylvania, 19121 $399,999
Investor alert! Be part of this exciting opportunity to acquire a turn-key investment portfolio. The portfolio consist of 17 fully-rehabbed, tenant-occupied properties, 15 single family homes and 2 triplexes in the fast growing West Philadelphia and Brewerytown areas of Philadelphia, Pennsylvania. In addition, over half of the portfolio is located in a Qualified Opportunity Zone (QOZ), giving investors direct access to the triple tax benefit incentive. Currently, tens of millions being invested in real estate development in these immediate vicinities. Spacious 2bd/1ba per unit, 2,130 sqft, triplex rental. Pro forma annual income = 12,500. Pro forma annual expenses = 6,032. Pro forma NOI = $25,192.00. Pro forma cap rate = 8%. Can be sold individually, package or as entire portfolio. Developed by emerging city builder. Units are fully leased! Strong rent growth and appreciation forecast in these key areas for years to come. Terrific opportunity for institutional investment firm, owner-occupied investors and millennial investors. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily.