Portfolio for Sale
10 units - 4 and 6 unit buildings. Studios, 1 & 2 beds
Prime locations - Fairmount & Olde Kensington
159,180 gross income
11.39 GRM
Offered at $1.814,000
EXPLORE OUR PROPERTIES
An exclusive off-market opportunity to acquire a turnkey portfolio of 10 units, consisting of a 6-unit and a 4-unit apartment buildings. These properties are strategically located close to each other, offering operational convenience while benefiting from diversification across different property types and tenant profiles in prestigious Philadelphia neighborhoods. Although not sold together, the buyer may also acquire a single-family 6-bedroom house.
6-unit building in the historic Fairmount neighborhood. Less than a 15 minute walk to the Rocky steps. Six 1 bed/studios with long-term tenants.
4-unit building in the rapidly developing Olde Kensington area. Features a studio, 1-bedroom, and 2-bedroom apartments. Steps from Frankford Ave's restaurants and shops, with easy access to public transit.
Not part of the portfolio but can be included. A large 6-bedroom single-family home on an 89 ft deep lot in Northern Liberties. Steps from 2nd Street's dining and nightlife, with rare outdoor space potential.
Financials
711 Corinthian Ave
Income - $95,940
Principal & interest @ 25% down & 7% interest - $62,571.70
Insurance - $2,592.00
Taxes - $8,664.00
Utility - $3,576.00
Maitenance ~ $2,878.20
Trash - $500.00
License - $300.00
GRM - 10.89
CAP - 7.41%
1214 N 5th
Income - $63,240
Principal & interest @ 25% down and 7% interest - $46,045.59
Insurance - $2,496.00
Taxes - $8,340.00
Utilities - $3,096.00
Maitenance ~ $1,248.00
Trash $500.00
License - $200.00
GRM - 12.16
CAP - 6.16%
1.814,000
Offered price
453,500
Total downpayment at 25%
124,773
Net Operating Income
159,180
Gross income
142,524
Total expenses with debt service
16,655
Total cashflow after all expenses
11.39
GRM
34,407
Total operating expenses
6.88%
CAP