Oriel Zach
This listing was posted on RealtyWW.
$899,000
N Brooklyn St, Philadelphia, Home For Sale
Price:
$899,000
BR/BA:
7 BR, 3 BA
Location:
711 N Brooklyn St, Philadelphia, PA
Description:
Stunning NEW CONSTRUCTION Multi-Family Investment Opportunity at 711 Brooklyn St, Philadelphia, PA 19104 Seize the chance to own this exceptional income-generating property located in the heart of Philadelphia. This well-maintained, fully occupied building offers a prime investment opportunity with solid returns and minimal hassle. Property Highlights: - Address: 711 Brooklyn St, Philadelphia, PA 19104 - Total Monthly Income: $5, 664 - Unit 1: A Bi-Level 3 Bedrooms, 3 full bathrooms and a back Yard $2, 136 - Unit 2: A 2 bedrooms and 2 full bathrooms $1, 764 - Unit 3: A 2 bedrroms, 2 full bathrooms and a roof top Deck $1, 764 - Annual Income: $67, 968 - Cap Rate: 6.8% - Asking Price: $899, 000 Tenant Information: - Stable Tenancies: All leases are Section 8, locked in for 2 years, eliminating the annual hassle of finding new tenants. - Thorough Screening: All tenants have passed comprehensive credit, criminal, and eviction checks, ensuring a reliable and responsible tenancy. - Tenant-Paid Utilities: Tenants are responsible for all utilities except water, minimizing your expenses. Financial Overview: - Total Expenses: Approximately 10% of total income, translating to $6, 796.80 annually. - Net Operating Income: $61, 171.20 Why Invest in 711 Brooklyn St: - Guaranteed Income: With Section 8 leases in place, enjoy a steady income stream without the worry of tenant turnover. - Low Maintenance: The building is in excellent condition, and tenants cover most utilities, reducing your management responsibilities. - Prime Location: Situated in a desirable area of Philadelphia, this property is attractive to tenants, ensuring high occupancy rates. This property is a rare find in todays market, offering both stability and profitability. Dont miss your chance to add this gem to your investment portfolio. Contact us today to schedule a viewing and discover all that 711 Brooklyn St has to offer!For more details: https://realtyww.info/homes_philadelphia-d523146/for-sale_i73873774
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More About this Listing: N Brooklyn St, Philadelphia, Home For Sale
N Brooklyn St, Philadelphia, Home For Sale is a Seven Bedroom 3.5 Bath Single-Family Homes for Sale at 711 N Brooklyn St in Philadelphia PA. Find other listings like N Brooklyn St, Philadelphia, Home For Sale and listings near 711 N Brooklyn St by searching Oodle Classifieds for Seven Bedroom 3.5 Bath Single-Family Homes for Sale in Philadelphia PA.
N Brooklyn St, Philadelphia, Home For Sale is a Seven Bedroom 3.5 Bath Single-Family Homes for Sale at 711 N Brooklyn St in Philadelphia PA. Find other listings like N Brooklyn St, Philadelphia, Home For Sale and listings near 711 N Brooklyn St by searching Oodle Classifieds for Seven Bedroom 3.5 Bath Single-Family Homes for Sale in Philadelphia PA.