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2855 E Thompson St

3 Unit Apartment Building $590,000 ($196,667/Unit) Philadelphia, PA 19134

Investment Highlights

  • Attached Garage
  • Property has valid 3 unit variance in place.
  • Recently Updated Units

Executive Summary

Welcome to 2855 E Thompson St, an exceptional multi-family property nestled in the heart of Port Richmond, Philadelphia. This investment gem comprises three meticulously maintained units, each designed to offer a perfect blend of comfort and modern living. The second-floor unit is an urban sanctuary, featuring two generously sized bedrooms and one bathroom. Recently refreshed with brand new flooring and boasting in-unit laundry, this space is ideal for both relaxation and entertainment. The open living area adds a contemporary flair, making it a versatile backdrop for daily living and social gatherings. The rear first-floor unit is equally impressive, offering a charming one-bedroom, one-bathroom apartment. It features a spacious combined living, dining, and kitchen area with newer flooring and ample closet space. The updated kitchen and bathroom ensure a convenient and comfortable living experience. The first-floor unit also mirrors the second-floor's appeal with its two bedrooms, one bathroom, and an open living space enhanced by new flooring and in-unit laundry. This unit invites relaxation and rejuvenation with its good-sized bedrooms and modern amenities. Adding significant value to this property is a 1,400/SF attached garage, providing ample storage or additional rental income potential. Currently, two out of the three units are tenant-occupied, making this an immediate income-producing opportunity. Located in one of Philadelphia’s most sought-after neighborhoods, this property is a prime location and offers a vibrant community atmosphere and proximity to popular spots in Port Richmond, Fishtown, and Olde Kensington. Don’t miss out on this fantastic investment in a dynamic area with access to the best of Philadelphia.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $590,000
Price Per Unit $196,667
Sale Type Investment
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.06 AC
Building Size 3,725 SF
Average Occupancy 66%
No. Stories 2
Year Built 1960
Parking Ratio 0.27/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Carpet
  • Basement
  • Vinyl Flooring

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 - 850
1+1 1 - 600
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RSA5 (RSA5)
RSA5 (RSA5)
  • Listing ID: 32112204

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 2855 E Thompson St, Philadelphia, PA 19134

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