6547 Dorel St
PHILADELPHIA, PA 19142

Description

Large Multi-Fam Corner Property close to 1,500 square feet located in South West Philadelphia. Great Income Producer! 1,750 Monthly (21,000 for the yearly) with a 14 Per-cent Cap Rate. All units have Separate Electric Boxes. The Largest Unit rents for 650.00. Unit has a very open floor plan, large open kitchen with plenty of counter space, updated flooring, a great deal of closet space and a great feature is the balcony off of the bedroom area. Top Unit is a PPA (Philadelphia Housing Authority) rental and PPA pays 550.00. Has a spacious floor plan as well with large kitchen area. Bottom unit is currently rented for 550.00. Bottom unit is on the ground level with side access. Some features of this unit are an Eat in Kitchen, Large Living Room with Faux Fireplace and bedroom off the living area. *** There are a number of corner stores in the area and new owner could look into possibly opening/renting a store on the bottom unit. *** The Current Owners stated that has been no problem finding tenants for the units over the years. Bottom unit was recently rented for 500.00. Tenant recently moved out, owners quickly found another tenant and raised the rent to 550.00 Sellers have been reaping the benefits of this income producing unit since 2011. Was a good investment at that time and is still now. PPA tenant's lease runs till Spring of 2019. Other 2 units are on a month to month lease.

Details

MLS#1001836720
Sub-TypeResale
StatusActive
Days On Site38

Features

Market Activity 19142

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19142
Area19142 (19142)
Listing VS Median (in 19142)
Price:
$139,900
low | high
Med:
$68,500
100% of Average
On Site:
38
low | high
Med:
106.500000
35.680751173709% of Average
Listing Updated: 07/18/2018
MLS Number: 1001836720
Listing Provided By:
William L Strehle  of  RE MAX Access

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