10+ CAP RATE on a quiet Southwest Philly block with easy access to 95, 76, the airport and the new Amazon distribution center. (2) 1-bed, 1-bath units with rear driveway, converted garage & small rear yard. Terrific straight rental with strong demand and great cash flow. Or live in one unit and rent the other to cover most if not all your mortgage. Property is in great shape with everything converted to electricity with separate meters/panels (no need to worry about PGW gas liens). 1st floor unit has direct access to a large unfinished basement that could easily be converted to additional living space and even more rent. 1st floor is vacant and 2nd floor is occupied month to month. 2nd floor can be vacated prior to settlement. Historic rents with consistently strong demand have been around $1, 000/month per unit. Property needs basic cosmetic upgrades like paint, new vanities, flooring, etc. Quick turnaround for novice or experienced investors and very low carrying costs with ANNUAL TAXES BEING ONLY $2, 175/YEAR. Take advantage of this opportunity and own a legal RM1 duplex in a developing area with tons of potential. Buy, quickly and cheaply upgrade & begin cash flowing this fantastic 10+ CAP RATE asset!
