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Philadelphia,PA 19134
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,264 sqft
Price per Sqft $3,591
MLS Listing ID PAPH2522592
Year Built 1910
Annual Tax Amount $1,654
Tax Year 2024
Lot Size 1,464 Sqft
Acres 0.03
Lot Dimensions 18.00 x 81.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
We are pleased to present to market an exclusive opportunity to acquire a stabilized, income-producing portfolio consisting of 41 scattered-site single-family rentals located across key submarkets of North and West Philadelphia. The portfolio is 100% leased (40 private-pay / 1 PHA) with long-term tenants in place (average lease term of > 5.6 years), and has undergone significant renovation work within the last 5-10 years, offering durable in-place cash flow and strong occupancy history. While each home varies slightly in configuration and style, the majority feature modernized mechanicals, updated kitchens and baths, and efficient layouts tailored to working-class tenant demand. Despite its stabilized performance, rents across the portfolio remain below market averages, positioning the portfolio for strong NOI growth through targeted unit turnover and operational optimization.
The properties all have long-term active rental licenses, no violations, and are certified lead safe (37) or lead free (4). This portfolio offers a rare blend of current cash flow and strategic upside in a high-demand rental corridor within Philadelphia's path of growth. Ideal for local or institutional investors seeking scale in an urban SFR market with tangible long-term appreciation potential.
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning RSA5
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 252424500
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,Private,Negotiable,Seller Financing,Other
Listing Terms Cash,Conventional,Private,Negotiable,Seller Financing,Other
Financing Cash,Conventional,Private,Negotiable,Seller Financing,Other
Special Listing Condition Standard