5260 W Jefferson St, Philadelphia, PA 19131

Property Description

Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 Units Portfolio Overview Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia. The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements. Seller is willing to sell properties individually or as a portfolio. 5260 W Jefferson St: Asking Price $225,000 (Vacant) Property Type Duplex Current Status Fully Vacant Lease-Up Opportunity Projected Market Rent 2 Bedroom Approximately $2,010/month 3 Bedroom Approximately $2,410/month Projected Gross Income Approximately $53,040 annually Building Highlights • Significant value-add opportunity • Immediate lease-up potential • Renovated in 2018 • Strong rental demand Building Information Utilities Separate electric Owner pays water Heating/Cooling Central Air Central Heat Roof Approximately 8 years old Water Heaters Approximately 8 years old Electrical 100 amp service Current Condition First Unit Good Second Unit Requires renovation Deferred Maintenance Second unit requires: • Flooring • Drywall patching • Paint • Bathroom renovation Estimated Cost Approximately $20,000-$25,000 Parking None