Description
Five-year old apartment building with LEGAL Five-Units. Monthly rent income is 10, 500 with 15 to 20 rent increase potential. Current rent is below market rent. Fully rented with mostly long-term tenants to July/August of 2020. Property locates at North 40th Street and Powelton Street area. Easy access to campus bus and subway. Walking distance to University of Pennsylvania and Drexel University.It has 6 years of tax abatement left and has 4 stories with a huge unfinished basement as storage. Each apartment is fully furnished with central air/heating, washer/dryer in unit, hard wood floor. granite countertops, all wood cabinets, stainless steel appliances, dish washer, huge bright windows, and big bedrooms. Tenants pay all utilities.
