Off Market Triplex - Turnkey, Brewerytown - 9 Cap

Off Market Triplex - Turnkey, Brewerytown - 9 Cap

Ryan McLaughlinBusiness Member
Real Estate Agent · Philadelphia, PA · Member since 2017 · 32 posts · 16 votes

Off-market, legal triplex on the booming border of Strawberry Mansion and Brewerytown. Three 1-bed / 1-bath apartments – fully occupied and turnkey with tidy tenants in place – all of whom are current on rent. Separately metered for gas and electricity, newer panels, wiring, hot water heaters and bulletproof Crown boilers. Current rent roll - $2,610/ month.

Upgrade the units with kitchens, bathrooms and floors as they become vacant to garner rents of $1,200 each or $3,600 / month.

Click for more info and a tour. 

0Reply
11 views

1 Reply

Jump to latestLatest
  • Investor · Bucks County · Member since 2023 · 196 posts · 156 votes
    2y

    @Ryan McLaughlin Is this a "9 cap" when you account for a 35-40% expense ratio? Because that's what banks rely on. 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.