A rare opportunity to own a fully-occupied scattered -site, turn -key residential rental portfolio of 48 properties in West Philadelphia. All but two of the units are under Housing Choice Voucher program leases with the Public Housing Agency being responsible for an average of 73% of their income across all the properties. The portfolio was acquired over a period of seven years and nearly all of the units have been renovated within the last five years and have in-unit washers/dryers and microwaves. Ownership has maintained and self-managed the properties during this period. This opportunity offers investors a steady income for years to come for a group of properties located in an area that is rapidly increasing in value. All 48 properties have to be purchased as a package deal. No separation of package. 48 properties: 5209 Hazel Ave, 145 N. Wanamaker St, 108 S. 55th St, 2059 S. Frazier St, 2511 S. Dewey St, 1213 N. Allison St, 59 N. Felton St, 1725 S. 55th St, 5506 Lansdowne Ave, 7252 Grays Ave, 6068 Callowhill St, 52 N. Felton St, 545 N. Allison St, 1334 N. Wanamaker St, 233 N. Ramsey St, 5637 Broomall St, 334 N. Salford St, 6409 Saybrook Ave, 530 N. Vodges St, 4526 Westminster Ave, 445 N. 51st St, 1112 S. Ruby St, 162 N. Millick St, 105 N. Millick St, 325 N. Robinson St, 5961 Chester Ave, 635 N. 54th St. 22 N. Dewey St, 22 N. Conestoga St, 1626 S. Wilton St, 5435 Belmar Terrace, 139N. 51st St, 5327 Ogden St, 5451 Kingsessing Ave, 1235 N. Conestoga St, 207 N. Wilton St, 5539 Wyalusing Ave, 111 N. 59th St, 426 N. Robinson St, 236 N. Wanamaker St, 1419 N. Alden St, 228 N. Hobart St, 5536 Wyalusing Ave, 1249 N. Allison St, 5140 Parrish St, 126 N. Wilton St, 147 N. Dewey St, 5522 Pearl St.
Based on the average sale price from the Vienna, VA office
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
1249 N Allison Street Philadelphia, PA is a Single Family Home for sale at $7900000 with 1042 sqft and a lot size of 1,742 SqFt Acre(s). 1249 N Allison Street Philadelphia has 3 bedrooms, 1 baths and was built in 1925. The property's zip code is 19131 which is in Philadelphia, PA
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.