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Updated about 10 years ago on . Most recent reply

User Stats

428
Posts
11
Votes
Antonio Cerqueira
  • Rental Property Investor
  • Philadelphia, PA
11
Votes |
428
Posts

Turn-key Duplex Philadelphia 14.7% ROI cash on cash

Antonio Cerqueira
  • Rental Property Investor
  • Philadelphia, PA
Posted

PASSIVE INVESTMENT OPPORTUNITY IN PHILADELPHIA

Arch St. (19139)

1 Bed, 1 Bath (each unit)

We renovate and manage for you!

Property:$45,000

Rehab: $36,575 (cost guaranteed)

Total Investment: $82,175

Rental Income $1,250

Expenses:

Property Management $125

Property Taxes $50

Insurance $65

NET INCOME $1,010/month (14.7% cash on cash)

Hands-off.Total renovation(boiler, plumbing, electrical system, drywall...). Roof 15 years warranty.

1st year no maintenance costs and rent guaranteed.

We renovate more than 20 properties/month and manage 400+

MORE INFOwww.PhillyIncomeProperties.com

[email protected]

DISCOUNT CODE 5% discount over the price PIP3

Picture before renovation

Offering

Most Popular Reply

User Stats

139
Posts
231
Votes
Ethan Giller
  • Rental Property Investor
  • Philadelphia, PA
231
Votes |
139
Posts
Ethan Giller
  • Rental Property Investor
  • Philadelphia, PA
Replied

Did you install a sprinkler system?  If not, how did you pull permits for a total renovation of a multi-family dwelling in Philadelphia without being required to install a sprinkler system to comply with the current code?  This is a problem that I've run into with my own renovations in Philly so I'm curious how you handle it.

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