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Archived over 4 years ago

$499,000

8+ bd 4+ ba 0 sqft

2307 N Park Ave, Philadelphia, PA 19132

Residential Quadplex

Current Rent **

N/A

Projected Rent **

$5,450

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent:
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 4 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No

Philadelphia Multi-Family

Calling All Investors: High cap investment property within close proximity to Temple University and around the corner from the Broad Street subway line.

This 4 family, 3,300 sq ft, 8 bedroom / 4 bathroom was just completely renovated from top to bottom. All units and common areas have new waterproof, aquaseal flooring, kitchens equipped with stainless steel appliances, including microwaves in all units, subway tile backsplash, and white quartz countertops. Bathrooms have new toilets, vanities, and subway tile showers, all new shower fixtures as well. New light fixtures in all apartments and common spaces.

The first floor features a large Parlor 3 bedroom/ 1 bath with a backyard. Large bedrooms, huge living room with decorative fireplace and 12 ft ceilings.
The second floor features 2 units; a very large studio in the front, flooded with natural sunlight and a huge 1 bedroom in the back, also with great sunlight.
The top floor is a floor through 3 bedroom with oversized bedrooms and tons of sunlight.

The building will be delivered vacant so investors can choose and qualify their own tenants. This will yield an 11% return once rented out and has extremely low taxes and carrying costs; great current and long term investment.

Location:

2307 N Park Ave, Philadelphia, PA 19132

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.