Description
Dont miss this rare chance to own a four-unit apartment building in the rapidly growing Norris Square neighborhood of Philadelphia. This property is perfectly positioned just one block from Norris Square Park and within walking distance of Fishtowns renowned restaurants, cafes, and nightlife. With easy access to public transportation, tenants will enjoy seamless commutes and connectivity to Center City and beyond. The neighborhoods continued development makes this a strong long-term investment with significant upside potential. Whether youre an experienced investor looking to expand your portfolio or a first-time buyer seeking reliable rental income, this property offers both immediate cash flow and future appreciation in one of the citys most vibrant and up-and-coming areas. Rental Income:1st floor 2 bedroom - $1450 mth. 2nd floor front studio - $975 mth. 2nd floor rear studio - $950 mth. 3rd floor studio - $925 mth. All utilities paid by tenants except for water.Water bill - averages $133 month/$1596 yr.Common area - about $37 month/$444 yr.Landlord is paying $3700 a year in building insurance.Taxes are $6385 a year.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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2,527SQFT
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$178$/SQFT
Description
Dont miss this rare chance to own a four-unit apartment building in the rapidly growing Norris Square neighborhood of Philadelphia. This property is perfectly positioned just one block from Norris Square Park and within walking distance of Fishtowns renowned restaurants, cafes, and nightlife. With easy access to public transportation, tenants will enjoy seamless commutes and connectivity to Center City and beyond. The neighborhoods continued development makes this a strong long-term investment with significant upside potential. Whether youre an experienced investor looking to expand your portfolio or a first-time buyer seeking reliable rental income, this property offers both immediate cash flow and future appreciation in one of the citys most vibrant and up-and-coming areas. Rental Income:1st floor 2 bedroom - $1450 mth. 2nd floor front studio - $975 mth. 2nd floor rear studio - $950 mth. 3rd floor studio - $925 mth. All utilities paid by tenants except for water.Water bill - averages $133 month/$1596 yr.Common area - about $37 month/$444 yr.Landlord is paying $3700 a year in building insurance.Taxes are $6385 a year.
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