South Jersey Real Estate Investors Association


1607 Harrison St, Philadelphia, PA 19124

Property Status: Available | For Sale: $169,900.00


5 Bedrooms / 4 Baths / Multiple Family


Property Photos


Quad-plex for 169k in Philly: high ROI potential & great location (Opportunity Zone)


Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $169,900.00
Property Details:
5 Bedrooms / 4 Baths / Multiple Family
Property Style:
Four-Plex
Year Built:
1940
Finished Sq Ft:
1,809
Basement:
Unfinished Basement
Owner / Agent:
Owner / Agent
Property Features:
No Property Features Listed.
Contact Info
Properties or Portfolios for Sale
(973) 888-9367

View on Individual's Website
Quadplex for just 169k in Opportunity Zone! Fantastic location, high double-digits cap rate ideal for long-term cashflow investors. Potential gross rental income over $30,000 annually. Steps from Jefferson-Frankford Hospital and a few blocks walk to Frankford Terminal for both buses and trains (subway) leading straight to Center City Philadelphia makes it a great location and convenience for tenants. Proven great demand from prospective tenants. Taxes and insurance are low. Rental locks installed in every unit. • Units may be rented for at least $2,500/month (3x$600 + 1x$700) from previous experience. Demand suggests these numbers can be increased. • Taxes: $1,389 (annual) • Insurance: $1,148 (annual) • Refuse fee: $150 (annual) • License: $300 (annual) • Numbers based on previous but recent experience. Sold "AS IS". The house needs some work, not a large or prolonged project but it will cost some money, so the house is offered at a substantial discount to market. Photos taken in 2017 after major renovation. Units are in good condition and vacant so it's easy to show and the new owner can start anew with his or her desired rental strategy. With the demand all 4 units will fill up quickly! Will consider all serious offers. Cash offers are preferred. If you are looking for high potential ROI, definitely don’t let this great opportunity pass you by! Due diligence docs are available and property showing/viewing upon request. No appointment necessary. Please email me privately to discuss - sidneysbox-1@yahoo.com.

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South Jersey Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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South Jersey Real Estate Investors Association

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Marlton, NJ 08053
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