Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
SELLER FINANCING AVAILABLE! CONTACT LISTING AGENT FOR MORE INFORMATION. Introducing an exceptional investment opportunity, brought to you by the Philly Home Advisors team. This portfolio is the result of over 45 years of acquisition by a family-owned business, meticulously maintained to this day, now for sale due to current owners wanting to retire. The portfolio boasts the majority of both sides of an entire city block and includes 14 fully-occupied single-family homes, two 5-unit apartment buildings, a 6500 +/- SQ ft lot, 6 bay small rental garage spaces, and a 30,000 +/- SQ ft warehouse. Situated in a cul-de-sac on the 1900 block of E Stella St, which ends at an elementary school, this portfolio is in a prime location, close to local highways and mass development. The residential units are fully occupied, grossing $317,400 annually in rent with all tenants paying on time - does not include the owner-occupied industrial spaces (warehouse, garage). Furthermore, the two five-unit buildings have the potential to increase their rent by at least 20% with no capital investment. The warehouse lot and garage spaces are currently owner-occupied and will be sold vacant. Based on market comps, the warehouse should yield between $8.15-$9 per SQ ft annually. With minimal investment, this portfolio offers endless opportunities for future value and current rental increases. When fully occupied, it is expected to yield around a 10% cap rate. The convenience of having all properties on one block makes managing this portfolio a breeze. Perfect for investors, developers, or owner-occupants seeking industrial space, this portfolio is a rare and unique investment opportunity not to be missed. Contact us now to schedule a tour and secure your investment in this highly sought-after location.
|19 hours ago
|Listing updated with changes from the MLS
|2 months ago
|Listing first seen online