Property Description

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!

Property Features

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