4260 N Reese St

Philadelphia, PA 19140

This property is being SOLD ONLY AS PART OF A PACKAGE DEAL that includes 13 single family homes and a multi-family property - all of which are located in Philadelphia. The single-family homes range from 3 bedroom 1 bath to 4 bedroom 1.5 bath. The breakdown is showcased in the attached documentation. This portfolio has 100% occupancy and offers tremendous value with an annual gross income of $161,652.00 with a 9%+ cap rate. You'll see from the attached proforma that the annual gross income can be substantially increased by converting 6 of the 14 units to PHA rentals and increasing rent on the 3 of the 9 units currently on PHA. This would increase the cash flow return to over 20%! All buyers are required to showcase proof of funds/pre-approval to gain access to sample properties to view. MLS #PAPH803404, PAPH803432, PAPH803438 and PAPH803694 are included in this sale and are a representation of the variety of properties included in this portfolio.