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$349,999
Est. $1,976/mo

2341 N 16th St, Philadelphia, PA 19132

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2172 SqFt Condo In Stanton
-- Bed-- Bath2,172 Sqft
Listed by Aaron Lewis

Investor alert! Be part of this exciting opportunity to acquire a turn-key investment portfolio. The portfolio consist of 16 fully-rehabbed, tenant-occupied properties, 14 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, triplex 2bd/1ba per floor, 2,172 sqft, single-family rental. Pro forma annual income = $35,240. Pro forma annual expenses = $5,638. Pro forma NOI = $25,304. 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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Home Details
  • Days on Homes.com: 26
  • Beds: --
  • Baths: --
  • Property type: Condominium
  • Exterior finish: --
  • Year built: 1915
  • Lot size: 0.03
  • Fireplace: no
  • Neighborhood: Stanton
  • Cooling: Central A/c
  • New Construction: No
  • Waterfront: No
  • Heating: Central
  • Accessibility Features: Other
  • Water Access: No
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2341 N 16th St

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MLS NumberPAPH835814
Listed09/22/2019
Listing SourceBright MLS
Last Updated10/16/2019 18:12:26 GMT-0400 (EDT)
Offered ByCompass Pennsylvania, LLC
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