4951 W Thompson Street, Philadelphia, PA 19131-4546 $629,000

Beds/Baths: 7/6
Interior Sq. Ft: 3,025
Acreage: 0.05
Age:100 years
Style:
Other
MLS#: PAPH2484170
Subdivision: Carroll Park
Design/Type:
Detached

Description

With the over saturation of luxury units in high priced neighborhoods, landlords in other neighborhoods are forced to give renter concessions or drastically cut their rent below marker. NOT HERE. Finally an opportunity to own in an area that is in high demand for quality units. This assets is selling at a verified 8.27% cap rate which falls perfectly in line with the area that trades regularly between 8-9%, often for lesser quality rehabs. Just take a quick swipe through the pictures, this is as turnkey of a performing asset as you can get. Currently 4/6 units are occupied, previously totaling $6080 of monthly revenue over the 6 residential units. With this income and lower property taxes and current mortgage rates, the property can provide a 1.45 DSCR, making it wildly appealing to secure financing via DSCR loan programs. There are no other opportunities to own this many units under one roof on the market, take this one while you can!

Taxes: $2,828
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: N
Pool: No Pool
School Dist: Philadelphia City

Features

Utilities
Baseboard - Electric Heating, Electric, None, None, Hot Water - Electric, Public Water, Public Sewer, 200+ Amp Service

Garage/Parking
On Street

Interior
Laminate Plank Flooring, Accessibility - Level Entry - Main

Exterior
Brick/Mortar Foundation, Concrete Perimeter Foundation, Rubber Roof, Masonry

Contact Information

Listing Courtesy of: Lime House , (717) 840-1355, broker@limehouserealty.com

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Listing data as of 6/06/2025.