MLS® ID: PAPH804412
5651 N 20TH STREET
PHILADELPHIA, Pennsylvania, 19144 $164,900
Investor alert! 3 beds, 1 bath fully rented investment opportunity 1 block from La Salle University. Currently rented out at 1,450 per month, all utilities are paid by tenants including the water/sewer, generating positive cash flow. At asking price this property has an amazing 9% cap rate, with just a little updating rent could be increased to 2,000 a month yielding a 12.7% cap rate. This property has low taxes, replaced windows, hardwood floors/ceramic tile throughout, full basement, off street parking and an attached garage. The location makes renting very easy; you will never need to worry about vacancies!