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

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Manayunk Rental Multi Family Portfolio

5 Multifamily Properties Offered at $1,725,000 in Philadelphia, PA

Investment Highlights

  • Updated Townhouses many with new systems
  • Owner managed and professionally maintained
  • Rents are under market and can be increased by at least 10% with no capital improvements

Executive Summary

Exceptional investment opportunity in Historic Manayunk/Roxborough. This is your chance to own an owner managed portfolio of single family townhouses and a multi-unit property with built in equity located in the vibrant district of Manayunk, Philadelphia. All of the properties are updated and fully leased to long term tenants. Rents are currently under market and can be increased by at least 10% with no capital improvements. All with current rental licenses and lead certificates.
The package includes: 17,19,21,23,27 Osborn Street:
17 Osborn Street - 3-Bedroom/2.5 bath Current Yearly Rent: $25,200.00
19 Osborn Street - 3-Bedroom/2 bath Current Yearly Rent: $24,000.00
21 Osborn Street - 4-Bedroom/2 bath Current Yearly Rent: $26,400.00
23 Osborn Street - 5-Bedroom/2.5 bath Current Yearly Rent: $30,000.00
27 Osborn Street - (2 Units) 2-Bedroom/2 bath & 3-Bedroom/1 bath Current Yearly Rent: $33,600.00
2024 Taxes: $21,078
Situated steps from public transportation and the local bus station, these properties are nestled in a National Historic District known for its scenic charm and urban convenience. Over 50 chic boutiques and 30 diverse restaurants make Manayunk a coveted investment area close to many major colleges and universities. This portfolio is ideal for an investors seeking to expand their investments in a community with significant growth potential.
Additional fully rented Manayunk/Roxborough townhouses are available from the same owner and can be added in addition to this portfolio.

Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access

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

Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access

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

Property Facts

Price $1,725,000
Price / SF $215.25 / SF
Sale Conditions Bulk/Portfolio Sale
Sale Type Investment
Status Active
Number of Properties 5
Individually For Sale 0
Total Building Size 8,014 SF
Total Land Area 0.19 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
21 Osborn St, Philadelphia, PA 19128 Multifamily 1,611 SF 1900 -
27 Osborn St, Philadelphia, PA 19128 Multifamily 1,878 SF 1900 -
19 Osborn St, Philadelphia, PA 19128 Multifamily 1,392 SF 1900 -
23 Osborn St, Philadelphia, PA 19128 Multifamily 1,769 SF 1900 -
17 Osborn St, Philadelphia, PA 19128 Multifamily 1,364 SF 1900 -
Show More > < Show Less
  • Listing ID: 33462567

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: Manayunk Rental Multi Family Portfolio, Philadelphia, PA

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}