9-unit Philadelphia rowhouse portfolio offered at $1,350,000 (9% blended cap rate), fully occupied, cash flowing on day one. Current rent roll of $9,350/month against $20,330 in annual taxes produces approximately $91,870 in net operating income. Average acquisition cost of $150,000 per door, at or below individual retail comps in each corridor. Six of nine units sit in PHA Group 1 ZIP codes (19124) where the 3-bedroom Housing Choice Voucher payment standard is $1,788/month — nearly double current in-place rents averaging $960/month. Eight of nine units are 3BR/1BA brick and stone rowhouses; one is a 4BR/1.5BA. All units occupied. Buyer to perform independent due diligence on tenant leases, rental licensing, and HQS compliance requirements. Portfolio must be sold as a single package — no individual unit sales. Contact listing agents for full rent roll, underwriting package, and PHA payment standard documentation.