Description
Located in the up-and-coming Parkside section of West Philadelphia (ZIP Code 19104), this recently updated five-unit apartment building offers a prime opportunity for investors. Just a few blocks from the Philadelphia Zoo and close to Fairmount Park, this property is ideally positioned near major city attractions. Commuting is effortless, with the Centennial Village train station just five blocks away—placing you in Center City in under 15 minutes—and the SEPTA 15 and 40 trolleys less than a block from your doorstep.Each unit features separate utilities (except water). With a current cap rate of over 7% and a potential cap rate of 14% if the new owner chooses Section 8 tenancy, this building offers outstanding current income and significant future upside/value added. Don’t miss your chance to own a well-maintained, income-generating property in a vibrant and growing neighborhood!
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Description
Located in the up-and-coming Parkside section of West Philadelphia (ZIP Code 19104), this recently updated five-unit apartment building offers a prime opportunity for investors. Just a few blocks from the Philadelphia Zoo and close to Fairmount Park, this property is ideally positioned near major city attractions. Commuting is effortless, with the Centennial Village train station just five blocks away—placing you in Center City in under 15 minutes—and the SEPTA 15 and 40 trolleys less than a block from your doorstep.Each unit features separate utilities (except water). With a current cap rate of over 7% and a potential cap rate of 14% if the new owner chooses Section 8 tenancy, this building offers outstanding current income and significant future upside/value added. Don’t miss your chance to own a well-maintained, income-generating property in a vibrant and growing neighborhood!
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