1917 E Letterly St, Philadelphia, PA 19125
- $1,475,000
- List Price
- $1,475,000
- Price Change
- ▼ $110,000 1781563196
- Days on Market
- 206
- Status
- ACTIVE
- MLS#
- PAPH2583348
- Lot Size (Acres)
- 0.06
- Year Built
- 2019
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property Description
This is not a lease-up story. There is no vacancy narrative to underwrite and no pro forma guesswork — just proven performance and predictable cash flow. 1917 E. Letterly is an 8-Unit apartment building in the heart of East Kensington. Ideal opportunity for 1031 exchange buyers or investors looking to add scale, stability, and architectural presence to an existing portfolio. Completed in 2017, this building is 100% occupied at market rents, delivering documented income of $12,550 per month in gross rents from day one. The per-building unit mix includes four 3-bedroom, 3-bath units, two 2-bedroom, 2-bath units, and two 1-bedroom, 1-bath units. All residences feature in-unit washer/dryer, central air, and defined living/dining spaces — amenities that support strong tenant retention and long-term rent growth. Located steps from the Market-Frankford Line, Frankford Avenue, and the rapidly evolving Kensington Avenue corridor. All zoning, licenses, leases, and operating expenses are fully documented. Profit & Loss statements and supporting financials are available for qualified inquiries. Let Co-List Christian Fegel know what financial information your client needs, and we will promptly provide it. Consider bundling with its identical twin at 1918-20 E.Cumberland (MLS # PAPH2581540) for a total of 16 units.
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Additional Information
- Area
- 19125 (19125)
- Building Name
- Melrows Place
- Taxes
- $2099
- Stories
- 4
- School District
- The School District Of Philadelphia
- Elementary School
- Henry A. Brown Academics Plus School
- Middle School
- Henry A. Brown Academics Plus School
- High School
- Penn Treaty
- Flooring
- Hardwood
- Heating
- Forced Air
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Roof
- Flat
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Elfant Wissahickon Realtors. Contact: (215) 866-0050