Property Description
Property Highlights
4618 Leiper Street - 10 Units
5022 Griscom Street - 4 Units
4904-06 Penn Street - 12 Units
4514 Penn Street - 2 Units
Property Overview
VRA Realty is pleased to exclusively present for sale this 28 unit Multifamily Portfolio in Philadelphia, PA. This portfolio consists of 4 properties located within a few blocks of each other. 19 out of the 28 units are subsidized by PHA and similar programs. 70% of the total rental income is guaranteed by these government programs. 10 out of the 28 units are recently updated leaving significant runway to add value through renovations and increasing rents.
The unit mix consists of:
(14) Efficiency Units
(11) 1 Bedroom Units
(3) 2 Bedroom Units
Contact Agent
Brady Carroll
610.291.9895
Property Details
Property Type
Multifamily Portfolio
Cap Rate
7.2%
NOI
$176,787
Size
15,312 SF
Floors
Units
28
Property Location
4904 Penn Street, Philadelphia, PA, USA