Welcome to 500-502 W Philadelphia Street, a fantastic opportunity to acquire two separately addressed three-unit properties being sold together, offering a total of six renovated apartments with strong income potential! All six units have been turned over and renovated, making this an attractive addition to any investor's portfolio. The property currently features four occupied units generating a combined $3,250 per month, or $39,000 annually, with two vacant units ready for new tenants. Each apartment offers one bedroom and one full bathroom. Tenants are responsible for their own gas and electric, while the owner covers water, sewer, and trash. With the opportunity to lease the vacant units and increase existing rents to market rates, this property offers significant upside in rental income. At a projected market rent of $950 per unit, the property has the potential to generate $5,700 per month or $68,400 annually in gross rental income! Whether you're looking to expand your investment portfolio or capitalize on the property's income potential, this six-unit package is an opportunity you won't want to miss. Call today for more information and to schedule your private tour!

Listing courtesy of Renaissance Realty Sales, LLC



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.