Fully occupied 7-unit apartment building featuring six 1-bedroom apartments and one 2-bedroom apartment. All units are currently occupied and producing rental income. Current monthly gross rental income is approximately $5,910, or $70,920 annually. Landlord is responsible for cold water, trash, exterminating, snow removal and landscaping. Building has one house electric… Read More meter. All tenants are currently in place, and the property has clean common hallways and well-maintained areas. Most leases are month-to-month with 60 days' notice; the Section 8 tenancy requires 30 days' notice. Property is subject to real estate taxes. Seller is also addressing the real estate tax assessment, with the applicable appeal deadline in October 2026. Strong opportunity for an investor seeking a fully occupied Philadelphia multifamily property with established rental income and multiple units. Buyer to independently verify all rents, leases, expenses, utility arrangements, unit configurations, and Section 8 information. Read Less
Courtesy of FANG TAN, Premium Realty Castor Inc 215-725-7080
Listing Snapshot
Days Online
41
Last Updated
Property Type
Commercial
Square Ft.
3,600
Lot Size
0.07 Acres
Year Built
1915
MLS Number
PAPH2663662
Additional Details
Building
Built in 1915, 3 stories, Entry level: 1, Construction Materials: Brick
Cooling
Window Unit(s)
Accessibility Features
None
Heating
Baseboard - Electric
Lot
0.07 acres
Sewer
Public Sewer
Taxes
Annual Amount: $7,224, Year: 2026, Zoning: RSA5
Utilities
Electric Available, Water Source: Public
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