MLS® ID: PAPH796096
435 S 51ST STREET
PHILADELPHIA, Pennsylvania, 19143 $465,000
Parkview! Amazing 4 unit twin facing the park is the perfect addition to your rental portfolio! The ROI is great as-is, but there is even more upside potential with smart building improvements and as the neighborhood continues to grow. 1st fl front unit is a 1 bedroom bi-level, recently completely renovated, with lower level areas. 1R is also a 1 bedroom unit, recently renovated, with direct access to the yard space. Unit 2 is a full floor, railroad style, 2 bedroom unit with great light and park views out of the front windows. Top floor unit is a large 2 bedroom space with a great long term tenant. All utilities are fully separated and separately metered. The building operates at a fantastic cap rate, even when factoring in operating expenses. Great location close to Baltimore ave, public transportation options, area Universities. It just makes sense. Gross rents include estimated rent for vacant unit 1F. With estimate for 1F building operates at a 7.2 cap rate. Rents are under market and have upside potential. Buy today, collect rents tomorrow, congratulate yourself on a wise investment every day after.