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4115-17 Brown St. 4115 Brown St 3 Unit Apartment Building $586,286 CAD ($195,429 CAD/Unit) Philadelphia, PA 19104

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INVESTMENT HIGHLIGHTS

  • Easy access to public transportation
  • Turn key duplex
  • Abundance of natural light

EXECUTIVE SUMMARY

Nestled in the vibrant Belmont neighborhood of Philadelphia, this duplex offers a prime investment opportunity for those seeking a turnkey property in a thriving community. Renovated just a few years ago, this fully rehabbed duplex is in excellent condition, boasting modern finishes such as stainless steel appliances, hardwood-like flooring, tiled backsplashes, and in-unit laundry in both apartments. The building is currently 100% occupied, with Unit 1, a 2 bed, 2 bath, renting for $1,426/month, and Unit 2, a spacious 3 bed, 3 bath, renting for $1,910/month, bringing in a total annual rent of $40,032. The property also benefits from the tax abatement with 5 years remaining. Each unit is generously sized and features contemporary appliances and fixtures. Furthermore, the inclusion of subsidized (PHA) rents in one or both units provides a stable and reliable income stream for investors. Belmont’s growing popularity among renters, combined with its potential for future appreciation, makes this property a smart, income-generating asset for investors looking to build long-term wealth through real estate.

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Price $586,286 CAD
Price Per Unit $195,429 CAD
Sale Type Investment
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class A
Lot Size 0.02 AC
Building Size 1,772 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1915/2019
Opportunity Zone Yes
Zoning CMX2 - Commercial Mixed Use - 2

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Kitchen
  • Stainless Steel Appliances
  • Tub/Shower
  • Basement
  • Framed Mirrors

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 1 - -
3+3 2 - -
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (76)
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.®
  • Listing ID: 29941076

  • Date on Market: 2023-11-01

  • Last Updated:

  • Address: 4115 Brown St, Philadelphia, PA 19104

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