4260 N Reese Street,  Philadelphia PA, 19140

(Active)
$87,000
|
3 beds, 1 Full/1 Half baths, 1,036 sqft
|
MLS# PAPH803438
1of
Full Screen Photos
Photos
Map
Last Updated: 6/20/2019 9:59 AM
Description for 4260 N Reese Street Philadelphia, PA 19140
This property is being SOLD ONLY AS PART OF A PACKAGE DEAL that includes 13 single family homes and a multi-family property - all of which are located in Philadelphia. The single-family homes range from 3 bedroom 1 bath to 4 bedroom 1.5 bath. The breakdown is showcased in the attached documentation. This portfolio has 100% occupancy and offers tremendous value with an annual gross income of $161,652.00 with a 9%+ cap rate. You'll see from the attached proforma that the annual gross income can be substantially increased by converting 6 of the 14 units to PHA rentals and increasing rent on the 3 of the 9 units currently on PHA. This would increase the cash flow return to over 20%! All buyers are required to showcase proof of funds/pre-approval to gain access to sample properties to view. MLS #PAPH803404, PAPH803432, PAPH803438 and PAPH803694 are included in this sale and are a representation of the variety of properties included in this portfolio.
Price
$87,000
Hunting Park
PHILADELPHIA
3
1 Full/1 Half
1,036 (approx)
PAPH803438
Active
Description
This property is being SOLD ONLY AS PART OF A PACKAGE DEAL that includes 13 single family homes and a multi-family property - all of which are located in Philadelphia. The single-family homes range from 3 bedroom 1 bath to 4 bedroom 1.5 bath. The breakdown is showcased in the attached documentation. This portfolio has 100% occupancy and offers tremendous value with an annual gross income of $161,652.00 with a 9%+ cap rate. You'll see from the attached proforma that the annual gross income can be substantially increased by converting 6 of the 14 units to PHA rentals and increasing rent on the 3 of the 9 units currently on PHA. This would increase the cash flow return to over 20%! All buyers are required to showcase proof of funds/pre-approval to gain access to sample properties to view. MLS #PAPH803404, PAPH803432, PAPH803438 and PAPH803694 are included in this sale and are a representation of the variety of properties included in this portfolio.
Listing Information
Property Type: Condo/Townhouse, Other
3 1 Full/1 Half
0 0.02 Acres Other
1,036 (approx) $83.98 1920
Mason
Hunting Park
Public Water Service
Public Sewer
Neighborhood
School Information
District: The School District Of Philadelphia
Room Information
Bathrooms
1 1
Interior Features
1,036 Sq. Ft. Above Ground
Gas Heat, Radiators
3
Exterior / Lot Features
14.33 x 61.50
RM1
Financial Considerations
$854
2019
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19140 has a population of 1,567,442.

The median household income in Philadelphia, Pennsylvania 19140 is $21,918. The median household income for the surrounding county is $37,460 compared to the national median of $53,482. The median age of people living in Philadelphia 19140 is 34 years.

Loading nearby sales and history ...
Courtesy: Realty ONE Group Legacy
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. Copyright BRIGHT, All Rights Reserved
This content last refreshed on 6/20/2019 9:59 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation