Beautiful Homes in Northern Liberties
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MLS® ID: PAPH835368

1832 N 23RD STREET

PHILADELPHIA, Pennsylvania, 19121

$399,999 Active
  • 2130 SQFT
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.
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Listing courtesy of Compass Pennsylvania, LLC

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19121
  • Office name
    Compass Pennsylvania, LLC
  • Subdivision
    BREWERYTOWN
  • SQFT
    2130
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    RSA5
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    1915
  • Lot size
    0.03
  • Sewer
    Public Septic,Public Sewer
  • Heating
    Central
  • Agent name
    Aaron Lewis
  • Purchase Type
    Active
  • Price Range
    $300k-$400k
  • Square Feet Range
    2000-2500 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    COMPASS1
  • Agent ID
    3294786

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