Turnkey rental with cap rate over 10. 6 bed 2 bath home with long term PHA Section 8 tenant with rent of $1850 per month, $0 tenant contribution. Full rent direct deposited into Landlord account by PHA the first of the month with no rent to collect from tenant. large porch and full walk out basement. Many improvements, new boiler 2016, new roof 2019, new cabinets and counter 2019, new carpet 2019. Lease recently renewed for 2 years and property recently inspected and approved. Rent recently increased to $1850 based upon many improvements. Get a mortgage for 80% and receive over 25%cash on cash return! This one is a money maker so dont pass it up. Zoned RM1 multi family so buyer may wish to devel to multu in family in the future.
THE SCHOOL DISTRICT OF PHILADELPHIA
|Price Reduced||$165,000||$10,000 (5.71%)|
|Price Reduced (from $185,000)||$175,000||$10,000 (5.41%)|
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Long & Foster | Christie's are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.
Listing information last updated on November 22nd, 2019 at 12:31pm CST.