Updated about 1 month ago on . Most recent reply
π‘ Off Market Quadplex Op PO Rtunity β West Philly
π5038 Spruce Street β Philadelphia, PA
Strong turnkey multifamily opportunity in a solid rental corridor.
β Built in 2010
β 4 Units β ALL 3BR / 2BA
β Fully Rented
β Large unit layouts
β Strong tenant demand area
β Ideal long-term hold or 1031 exchange opportunity
π° Current Rents:
β’ $1,650
β’ $1,650
β’ $1,538
β’ $1,508
π Total Monthly Income: $6,346
π Annual Gross Income: $76,152
One of the biggest advantages here is the unit mix. Large 3-bedroom units continue to perform well in Philadelphia and help keep demand strong.
Could also work well for a future owner-occupant/house hack strategy depending on timing and lease structure.
Offering
Philadelphia, Pennsylvania