819/1182 S 11TH Street Philadelphia, PA 19147 Municipality: Philadelphia

Multi-Family Residence

Beds

8 Baths

4,819 Sq. Ft.

0.03 Acre Lot

Property Activity

Time on Site

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Last updated on 11/26/2024 4:00 AM

Listing Details

Invest in your future with this pair of fully occupied, cash-flowing triplexes in the popular Bella Vista/Italian Market neighborhoods. The owners are ready to retire and pass on their success to you. This listing reflects the price/data for 819 & 1182 S 11th Street- 6 total units in 2 triplexes. Wi...th a 99% occupancy rate spanning 3 to 17 years, make your first investment an âeasy win,â or add another solid multi-family building(s) to your portfolio. Either way- itâs a win. The tenants are happy, love the location, and are paying near or at-market rents, so you donât have to worry about making dramatic changes after you buy. Plus, thereâs potential to increase your earnings by renting out additional storage in the basements to the tenants or someone local who needs extra storage space (or use it for yourself!). You can also do some modest upgrades in 819 when units turnover and increase the rents year after year. Each tenant in each unit pays for their gas and electric (separate utilities & mechanicals- yea!). The landlord only pays for water and common electric. All units have the required sprinkler systems, are legal triplexes, and have active rental licenses and Lead-Safe Certificates from the city. Details about the buildings: 819 S 11th: Gross rent is $4500/mo for two 2-bed/1-bath flats and one 1-bed/1-bath flat. The first floor has outdoor space and access to an extra basement room that is finished, plus exclusive access to the unfinished portion of the basement. Bilco access to the basement is temporarily closed shut but could be accessed if needed down the road. Each unit has in-unit laundry. Tenants use window units for cooling. 1182 S 11th: Gross rent is $5700/mo for two 2-bed/2 bath flats and one 1-bed/1bath flat. The third floor has a private roof deck, and all units have central air and in-unit laundry. The basement is available for your use or an opportunity to add value by providing additional storage for the tenants. The opportunity here is perfect- cash flow right out of the gate, and plan to make strategic value-adds along the way to increase your profit! Continue reading

MLS#

PAPH2419812

Property Type

Multi-Family

Bathrooms

Year Built

1915

Square Feet

4,819 sq. ft

Price per Sq. Ft.

$311.27

Lot Size