Philadelphia Cashflowing Portfolio FOR SALE


Philadelphia, PA - Haddington
$3,000,000 USD
215-627-3500
, Philadelphia, PA for Sale
$3,000,000 USD
FOR SALE
1/3
null | 12.5% Cap Rate

Philadelphia Cashflowing Portfolio
Philadelphia, PA
Haddington


OVERVIEW

63rd st- 3 buildings 26 total units fully renovated and stabilized. Studios with luxury finishes, kitchens, bathrooms in each unit with heavy cashflow and potential cost segregation study (35% of sale price accelerated depreciation) 205 (14 unit), 207 (7 unit), 211 (5 unit) N 63rd St All are actively leased for short - mid term rentals as boutique hotel. $35,000/mo gross income. You can see the listings here with photos https://www.hotels.com/ho3740106336/lodgyy-studios/ 2624 Germantown Ave Philadelphia - Mixed use, just renovated. 4 unit, 3 resi, 1 commercial. 4th building just renovated, like new construction. To be leased With the hotel strategy and 26 kitchens and bathrooms, the cost segregation could be a very strong opportunity for tax savings of approximately $1.1M in tax credits. Please find attached: - Slide deck for 205 N 63rd - 14 unit. - 205 N 63rd St P&L for from sellers booking software - 211 N 63rd St P&L 5 unit. Also had two long term rentals bringing in a total of $2200/mo. Recently renovated and converted all to short term rentals. Current income is approximately $35k/mo. Once Germantown Ave is rented the income will avg $40k+/mo.

ASK ABOUT THIS PROPERTY

Dan DeckelbaumKeller Williams Real EstateMore Info
215-627-3500

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Dan DeckelbaumKeller Williams Real EstateMore Info
215-627-3500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.