4357 N 8th Street

Philadelphia, PA 19140

Please contact Co-Listing agent Sam Coady with any questions (267)-606-3327 Great opportunity to get into an income producing property. Both units are occupied with paying tenants on month to month leases. Rents are below market with room to be increased. Tenants are responsible for utilities except water. Landlord pays water ($80-110/month), Insurance (around $1000/year) and Taxes ($824/year). With allowance for maintenance annual expenses are about $4000. With current rents at $750 and $650 per month annual gross income is $16,200. After expenses you're left with $12,200 in net income. That is a 8.5 CAP rate at $145,000 purchase price. If rents are raised to $800 per month then this would be a 10 CAP.