Land For Sale • 2,000 AC
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. Confidential offering – full property list, financials, and rent roll available upon request. Do not disturb tenants.
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Holmesburg Junction (R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) | 1 min | 5 min | 0.3 mi |
| Tacony (R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) | 3 min | - | 1.4 mi |
| Airport | Drive | Walk | Distance |
| Philadelphia International | 32 min | - | 20.2 mi |
| Trenton Mercer | 37 min | - | 24.3 mi |