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ActivePhiladelphia, PA, 19124
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
Listed by: Saam Tashayyod, Trophy Commercial Real Estate LLC
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