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Listed by Deneen Sweeney • Keller Williams Real Estate - West Chester
$ 350,000
Est. payment | /mo
1,792 Sqft Lot
$ 350,000
Est. payment | /mo
1,792 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2646262
HOA Y/N N
Annual Tax Amount $326
Tax Year 2025
Lot Size 1,792 Sqft
Acres 0.04
Lot Dimensions 25.00 x 71.00
Property Sub-Type Land
Source BRIGHT
Property Description
Landlord Special! Fully Occupied 5-Unit Portfolio + Vacant Lot — Approx. 9% Cap Rate.
Exceptional investment opportunity on Margaret Street in Philadelphia! This unique offering includes three RM-1 parcels being sold together (Parcel IDs: 885305060, 232163500, and 232163600), creating an outstanding opportunity for investors looking to expand their portfolio with immediate cash flow and future development potential. Property certifications are available in the document section.
2049 and 2051 Margaret Street feature five fully occupied 1-bedroom, 1-bathroom rental units, each currently leased for $675 per month, generating $3,375 in monthly rental income ($40,500 annually). A new roof has recently been installed, adding value and reducing near-term capital expenses.
2047 Margaret Street is a vacant lot offering endless possibilities for future development, expansion, additional parking, or outdoor space to enhance the existing investment.
Conveniently located just minutes from I-95, this property provides quick access to Center City Philadelphia, Philadelphia International Airport, and New Jersey. Public transportation is available right at the corner, making the location especially attractive to tenants.
The portfolio is being sold as-is, and the seller will make no repairs.
Whether you're an experienced investor or looking to grow your rental portfolio, this income-producing package offers immediate cash flow, approximately a 9% cap rate, and long-term upside through the included vacant lot. Don't miss this rare opportunity to own a versatile investment package on Margaret Street.
Exceptional investment opportunity on Margaret Street in Philadelphia! This unique offering includes three RM-1 parcels being sold together (Parcel IDs: 885305060, 232163500, and 232163600), creating an outstanding opportunity for investors looking to expand their portfolio with immediate cash flow and future development potential. Property certifications are available in the document section.
2049 and 2051 Margaret Street feature five fully occupied 1-bedroom, 1-bathroom rental units, each currently leased for $675 per month, generating $3,375 in monthly rental income ($40,500 annually). A new roof has recently been installed, adding value and reducing near-term capital expenses.
2047 Margaret Street is a vacant lot offering endless possibilities for future development, expansion, additional parking, or outdoor space to enhance the existing investment.
Conveniently located just minutes from I-95, this property provides quick access to Center City Philadelphia, Philadelphia International Airport, and New Jersey. Public transportation is available right at the corner, making the location especially attractive to tenants.
The portfolio is being sold as-is, and the seller will make no repairs.
Whether you're an experienced investor or looking to grow your rental portfolio, this income-producing package offers immediate cash flow, approximately a 9% cap rate, and long-term upside through the included vacant lot. Don't miss this rare opportunity to own a versatile investment package on Margaret Street.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RM1
Exterior
Water Access N
Garage N
Building
Sewer Public Hook/Up Avail
Water Public Hook-up Available
Schools
School District Philadelphia City
Others
Tax ID 885305060
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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12320 Academy Rd, Philadelphia, Pennsylvania 19154, USA