Description

Take advantage of this exceptional investment opportunity in Philadelphia’s fast-growing Germantown neighborhood. Offering more than 5,000 square feet of space, this five-unit multifamily property presents a rare chance to acquire a value-add asset with only minimal work remaining before it can begin producing rental income. With zoning approval for five units and an accessory parking space on-site, the property provides added convenience and long-term appeal for both investors and future tenants.

Extensive renovations have already been completed, with approximately 80% of the project finished. The remaining work is relatively minor, making this an ideal opportunity for investors seeking a light rehabilitation project in a neighborhood experiencing continued growth. Once the final improvements are completed and the units are occupied, the property has the potential to become a strong income-producing asset.

The building is configured with (1) studio apartment, (3) one-bedroom, one-bath units, and (1) two-bedroom, one-bath unit. Renovations include laminate flooring throughout, brand-new kitchens and bathrooms, in-unit washers and dryers, and energy-efficient mini-split heating and cooling systems. The front and rear second-floor units each feature private decks, adding valuable outdoor living space that enhances tenant appeal and rental desirability.

All units are fully electric and individually metered, simplifying utility management and billing. Projected monthly rents are approximately $1,200 for each one-bedroom, one-bath unit and $1,300 for the two-bedroom, one-bath unit. Based on these projections, the property has the potential to generate approximately $6,100 per month, or $73,200 annually, in gross rental income. This presents an attractive opportunity for investors seeking strong returns and future upside.

The property is being sold strictly AS-IS. The seller will make no repairs, and no city certification will be provided to the buyer.

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