1318 W Rockland St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1318 W Rockland St
2 Unit Apartment Building $359,000 ($179,500/Unit) 9.76% Cap Rate Philadelphia, PA 19141
Investment Highlights
- This completely renovated property offers a fantastic investment opportunity in the heart of the Logan section of Philadelphia.
Executive Summary
This completely renovated property offers a fantastic investment opportunity in the heart of the Logan section of Philadelphia. The duplex features two spacious unit. One 2 bedroom unit with a bonus room, and one 4 bedroom unit, each with modern amenities and high-quality finishes. The property has been renovated from top to bottom, including new electrical systems, new plumbing, new central HVAC systems, new windows, and new doors throughout both units. Both units have separate gas and electric meters, providing convenience and efficiency. First floor 2-bedroom 1 bathroom unit has access to a backyard and a bonus room with closet. This extra room can be used as an office, nursery, extra closet space, etc. Second floor unit has a master bedroom with a master bath, 3 more bedrooms and a beautiful hallway bath. Section 8 housing is an option.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$42,480
|
$20.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$42,480
|
$20.23
|
| Taxes |
$2,803
|
$1.33
|
| Operating Expenses |
$4,500
|
$2.14
|
| Total Expenses |
$7,303
|
$3.48
|
| Net Operating Income |
$35,177
|
$16.75
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $42,480 |
| Annual Per SF | $20.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $42,480 |
| Annual Per SF | $20.23 |
| Taxes | |
|---|---|
| Annual | $2,803 |
| Annual Per SF | $1.33 |
| Operating Expenses | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $2.14 |
| Total Expenses | |
|---|---|
| Annual | $7,303 |
| Annual Per SF | $3.48 |
| Net Operating Income | |
|---|---|
| Annual | $35,177 |
| Annual Per SF | $16.75 |
Property Facts
| Price | $359,000 | Building Class | B |
| Price Per Unit | $179,500 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 2,100 SF |
| Cap Rate | 9.76% | No. Stories | 3 |
| No. Units | 2 | Year Built/Renovated | 1935/2024 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $359,000 |
| Price Per Unit | $179,500 |
| Sale Type | Investment |
| Cap Rate | 9.76% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 2,100 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1935/2024 |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Yard
- Basement
- Double Pane Windows
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,476 | 800 |
| 4+2 | 1 | $2,064 | 1,270 |
1 of 1
Transit Score ®
Excellent Transit (73)
zoning
| Zoning Code | RTA1 (Residential Two-Family Attached) |
| RTA1 (Residential Two-Family Attached) |
-
Irakli Ilashvili - Universal Homes
1 of 34
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Universal Homes
1318 W Rockland St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.