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
School Info
Assigned Schools Information:
Benjamin Franklin High School, Public District Grades 9-12
John F. Hartranft School, Public District Grades PK-8
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: $1,082
Tax Year: 2020
What can I afford?
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $272.6K more than the Median Sold Price and $102/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: #PAPH2285638
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.
Elementary School
2
/10
John F. Hartranft School
720 W Cumberland St
Distance between this listing and this school0.42 miles
Public District Grades PK-8
High School
2
/10
Benjamin Franklin High School
550 N Broad St
Distance between this listing and this school1.71 miles
Public District Grades 9-12
Assigned Schools
2
/10
John F. Hartranft School
720 W Cumberland St
Distance between this listing and this school0.42 miles
Public District Grades PK-8
Nearby Schools
3
/10
Tanner G. Duckrey School
1501 W Diamond St
Distance between this listing and this school0.33 miles
Public District Grades KG-8
3
/10
Dunbar Academics Plus School
1750 N 12th St
Distance between this listing and this school0.55 miles
Public District Grades KG-8
Nearby Schools
3
/10
Alliance For Progress Charter School
182139 Cecil B Moore Ave
Distance between this listing and this school0.85 miles
Public Charter Grades KG-8
4
/10
Pan American Academy Charter School
2830 N American St
Distance between this listing and this school0.98 miles
Public Charter Grades KG-8
1
/10
Young Scholars Kenderton Charter School
1500 W Ontario St
Distance between this listing and this school1.24 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Benjamin Franklin High School
550 N Broad St
Distance between this listing and this school1.71 miles
Public District Grades 9-12
Nearby Schools
2
/10
Philadelphia Military Academy At Elverson
21182160 North 13th St
Distance between this listing and this school0.14 miles
Public District Grades 9-12
4
/10
Kipp Philadelphia Charter School
2709 N Broad St
Distance between this listing and this school0.50 miles
The neighbors living near this home have an average income of $19,000. The most common annual income of people living in Philadelphia, PA is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 1212 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 September 2024, from all listings sold in Philadelphia, PA there were more than 210 sold above asking price, over 494 sold below and more than 203 were sold right at the asked price. The number of listings in Philadelphia, PA increased by 7.8% between August 2024 and September 2024. Listings spent 46 days on the market in September 2024, and had a median list price of $260,372 during the same period.
From Rocket Homes Real Estate and based on county public records data.