1686 Harrison Street, a stabilized five-unit multifamily asset located in the Holmesburg section of Northeast Philadelphia. This well-maintained walk-up offers a balanced mix of tenant affordability and durable in-place cash flow, making it an attractive investment for first-time buyers or seasoned operators seeking low-maintenance yield. Priced at just $66,000 per unit, the asset provides strong day-one returns and the opportunity for future upside through light operational enhancements and rent adjustments. This property offers reliable returns and low-friction management.
INVESTMENT HIGHLIGHTS:
- Fully occupied and cash flowing at acquisition
-Operating expenses at just 34.9% of income
-Gross income of $44,460/ year with potential for modest rent increases
-CAP Rate: 8.51% with Cash-on-Cash Return of 8.12%
-Walking distance to SEPTA transit, retail, and regional employment
Property Features
Cooling Information
Central Air
Electric
Heating Information
Electric
Forced Air
Parking
On Street
Parking Lot
Water Features
Public
Listing Courtesy: Trophy Commercial Real Estate LLC - 215-608-5745