Manayunk Rental Multi Family Portfolio 5 Multifamily Properties Offered at $2,465,370 CAD in Philadelphia, PA
INVESTMENT HIGHLIGHTS
- Updated Townhouses many with new systems
- Owner managed and professionally maintained
- Rents are under market and can be increased by at least 10% with no capital improvements
EXECUTIVE SUMMARY
Exceptional investment opportunity in Historic Manayunk/Roxborough. This is your chance to own an owner managed portfolio of single family townhouses and a multi-unit property with built in equity located in the vibrant district of Manayunk, Philadelphia. All of the properties are updated and fully leased to long term tenants. Rents are currently under market and can be increased by at least 10% with no capital improvements. All with current rental licenses and lead certificates.
The package includes: 17,19,21,23,27 Osborn Street:
17 Osborn Street - 3-Bedroom/2.5 bath Current Yearly Rent: $25,200.00
19 Osborn Street - 3-Bedroom/2 bath Current Yearly Rent: $24,000.00
21 Osborn Street - 4-Bedroom/2 bath Current Yearly Rent: $26,400.00
23 Osborn Street - 5-Bedroom/2.5 bath Current Yearly Rent: $30,000.00
27 Osborn Street - (2 Units) 2-Bedroom/2 bath & 3-Bedroom/1 bath Current Yearly Rent: $33,600.00
2024 Taxes: $21,078
Situated steps from public transportation and the local bus station, these properties are nestled in a National Historic District known for its scenic charm and urban convenience. Over 50 chic boutiques and 30 diverse restaurants make Manayunk a coveted investment area close to many major colleges and universities. This portfolio is ideal for an investors seeking to expand their investments in a community with significant growth potential.
Additional fully rented Manayunk/Roxborough townhouses are available from the same owner and can be added in addition to this portfolio.
The package includes: 17,19,21,23,27 Osborn Street:
17 Osborn Street - 3-Bedroom/2.5 bath Current Yearly Rent: $25,200.00
19 Osborn Street - 3-Bedroom/2 bath Current Yearly Rent: $24,000.00
21 Osborn Street - 4-Bedroom/2 bath Current Yearly Rent: $26,400.00
23 Osborn Street - 5-Bedroom/2.5 bath Current Yearly Rent: $30,000.00
27 Osborn Street - (2 Units) 2-Bedroom/2 bath & 3-Bedroom/1 bath Current Yearly Rent: $33,600.00
2024 Taxes: $21,078
Situated steps from public transportation and the local bus station, these properties are nestled in a National Historic District known for its scenic charm and urban convenience. Over 50 chic boutiques and 30 diverse restaurants make Manayunk a coveted investment area close to many major colleges and universities. This portfolio is ideal for an investors seeking to expand their investments in a community with significant growth potential.
Additional fully rented Manayunk/Roxborough townhouses are available from the same owner and can be added in addition to this portfolio.
TAXES & OPERATING EXPENSES (PRO FORMA - 2024) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
PROPERTY FACTS
| Price | $2,465,370 CAD |
| Price / SF | $307.63 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 8,014 SF |
| Total Land Area | 0.19 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 21 Osborn St, Philadelphia, PA 19128 | Multifamily | 1,611 SF | 1900 | - |
| 27 Osborn St, Philadelphia, PA 19128 | Multifamily | 1,878 SF | 1900 | - |
| 19 Osborn St, Philadelphia, PA 19128 | Multifamily | 1,392 SF | 1900 | - |
| 23 Osborn St, Philadelphia, PA 19128 | Multifamily | 1,769 SF | 1900 | - |
| 17 Osborn St, Philadelphia, PA 19128 | Multifamily | 1,364 SF | 1900 | - |
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