1500 UNITS 1&2 Mckinley St Philadelphia, PA 19149

Offers due by 11/2/2022 12 PM. Property price reduced to last "Equitable Interest" offer. Sellers phone has lit up with considerable interest in purchasing equitable interest and reselling that interest. So it must be a great deal. PROPERTY SOLD "AS IS: . All Sales Agreements considered. Philly Zone 1949. Convenient to Large St and access to the Boulevard or a few miles to I95. In need of "MAJOR"Repairs a Stone Mason Bricklayer has serious advantage to significant profits. It is priced now taking in consideration the needed repairs. The property is located on the Corner of McKinley and Large Streets. The actual entrance is on Large Street. Th Unit 1 Apartment consist of 4 Rooms a Living Room, galley Kitchen , Bedroom and full Bath. This needs Renovation. The Unit 2 Apartment likewise Living Room, Galley Kitchen, Bedroom and Full Bath. This needs Renovation but the basement sweetener could give a very satisfactory NOI and cap rate. Renovated I believe rent could be $1350. or more for 1st Floor which includes basement which has added bath and $1025+ for 2nd Floor. An interesting aspect to investigate is the possibility of renting the Basement level if permitted by Code Enforcement. There are multiple Rooms in Basement and bath on Lower Level. There is also a separate Utility Area. The Utilities are all separated Electric needs some updating probably replace Appliances, etc. There is possibilities of a good Capitalization Rate on his if improved in a quality Manner. There is some rusting of lintels above windows and some bricks may need resetting on the side on McKinley Street and added concerns in Rear. See structural Engineer examined report in documents . The duplex has potential of good income and basement to 1st floor the possibilities of even greater improved Income.