107-115 Thompson street FISHTOWN

Purchase Price - $650,000

Rehab Budget - $181,000

Investments needed- $240,000

Structure - 12 Units at $20,000 each ($20k min, $240k max)

Targeted ROI- 15% per Annum Summary

Located in one of Philadelphia's hottest neighborhoods, Fishtown, this property consists of five units with two bedrooms and one bathroom in each. Built as a trinity with three different levels, these row homes need some improvement to get them where we look to be.

Our approach on these is to set-up an Airbnb at a targeted nightly performance of $135 base price with at least 80% rented each month. In the area this is located, we find this to be a reasonable expectation based on our current portfolio of more than 30 Airbnb. Reaching our estimates, this property could be very profitable.

The area itself is one block from Fishtown's restaurant and retail district while also being a few blocks walk to the subway providing guests the ability to get to center city in less than ten minutes. The attached presentation will provide a general overview while the spreadsheet a more detailed outlook on returns, expenses, and other financial stats that you should be aware of

EMAIL ME OR CALL ME FOR MORE INFO 

[email protected]