Property Addresses included in portfolio : 2725 Glenwood Ave MLS# PAPH2285644 | 2530 Ridge Ave MLS# PAPH2285656 | 1913 N 23rd MLS# PAPH2285666 | 1941 N 23rd MLS# PAPH2285670 | 1210 W Dauphin MLS# PAPH2285626 | 1212 W Dauphin MLS# PAPH2285638 Total Asking Price For Portfolio: $3,200,000 Scan for photos on the Virtual Offering Memorandum. Here is a remarkable investment opportunity in the heart of Philadelphia – a portfolio of six triplex multi-family buildings, offering a total of 18 units, 19 bathrooms, and 31 bedrooms. This is an exceptional chance for discerning investors seeking a strong return. All leases except for Glenwood units are through PHA making rent payments guaranteed. 2024 rents are poised to increase $1764 for 2 beds and $1476 for 1 beds. Advertised rents are for 2024 proforma, and current cap rate is 8%+ **Key Features:** - Turnkey Recently Renovated Portfolio: These properties have been meticulously renovated, ensuring they are in superb condition and ready for occupancy or rental. - Rent Program Tenants: Enjoy the reliability of guaranteed rent from the city, providing a stable income stream. - Under Market Rents: There exists an opportunity to maximize your returns by adjusting rental rates to align with the current market conditions. - Proximity to Philadelphia Schools: These properties are conveniently located near Philadelphia schools, making them appealing to potential tenants with families. **Location:** Strategically positioned in Philadelphia, a city renowned for its vibrant culture and robust real estate market. With easy access to schools and essential amenities, this location is poised for growth and offers excellent rental potential. This outstanding investment opportunity is exclusively represented by MY Philly Cassell, your trusted partner in Philadelphia real estate. If you are considering expanding your investment portfolio or entering the dynamic Philadelphia real estate market, this is an opportunity you should explore. Seize this remarkable chance to acquire this portfolio of multi-family buildings. Contact us today to obtain more details and take the first step toward securing a prosperous investment in the City of Brotherly Love.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1925
Living Area: 1,775 SqFt
Listing Office:
Office Name: KW Empower
Office Phone: (215) 627-3500
Listing Agent: Richard K Cassell
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.02 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: On W Dauphin Street.
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $533,000
Price Per SqFt: $300/SqFt
Tax Information:
Annual Amount: $2,160
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $271.1K more than the Median Sold Price and $101/SqFt more than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2285626
Listing Office:
Office Name: KW Empower
Office Phone: (215) 627-3500
Listing Agent: Richard K Cassell
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Kipp North Philadelphia Charter School
2539 N 16th St
Distance between this listing and this school0.43 miles
Public Charter Grades KG-6
3
/10
Mastery Charter School at Clymer
1201 W Rush St
Distance between this listing and this school0.59 miles
Public Charter Grades KG-6
1
/10
Thomas May Peirce Elementary School
2300 W Cambria St
Distance between this listing and this school1.14 miles
Public District Grades KG-6
Nearby Schools
3
/10
Tanner G. Duckrey School
1501 W Diamond St
Distance between this listing and this school0.36 miles
Public District Grades KG-8
2
/10
John F. Hartranft School
720 W Cumberland St
Distance between this listing and this school0.42 miles
Public District Grades KG-8
4
/10
Kipp Philadelphia Charter School
2539 N 16th St
Distance between this listing and this school0.43 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Philadelphia Military Academy at Elverson
2118 N 13th St # 2160
Distance between this listing and this school0.15 miles
Public Magnet Grades 9-12
3
/10
Tech Freire Charter School
2221 N Broad St
Distance between this listing and this school0.16 miles
Public Charter Grades 9-12
2
/10
The U School: Innovative Lab
2000 N 7th St
Distance between this listing and this school0.49 miles
The neighbors living near this home have an average income of $19,000. The majority of Philadelphia, PA residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
This home is located at 1210 W Dauphin St in Philadelphia, PA and zip code 19133 in the Lower North Philadelphia neighborhood. This 1,775 square foot home, which was built in 1925, sits on a 0.02 acre lot. It has been listed on Rocket Homes since October 24, 2023 and is currently priced at $533,000.
In October 2024 more than 252 listings in Philadelphia, PA were sold above the asking price. During the same period more than 237 listings were sold at asking price, while more than 567 were sold below. In October 2024 in Philadelphia, PA there were 9.8% more homes for sale than in September 2024. Listings spent 44 days on the market in October 2024, and had a median list price of $261,807 during the same period.
From Rocket Homes Real Estate and based on county public records data.