1204 adams ave, philadelphia pa 19124
Duplex - One 2 bed/1 bath unit & One 1 bed/1bath unit / Done & Rented
About the project
This is a stucco duplex turnkey property in the Frankford neighborhood in Northeast Philadelphia. A recently renovated large duplex property offers a pleasant view of your immediate surrounding area. This newly refurbished property comes tailored with freshly installed modern amenities suited for individual convenience and comfort. Lots of street parking available. Close to public transportation and shopping. We believe there is 12% equity built in at closing on this duplex. With a full 8.1% Cap Rate and appreciation potential, this is a great multi-unit addition to your portfolio.
Price: $133,000
Renovation: $0
Total All In: $133,000
Rent: $1,450/mo
Property Mgmt (10%): $145
Insurance: $58
Taxes: $153
Licences: $25
Maintenance (5%): $72
Vacancy (7%): $102
Total Expenses: $555
NOI per month: $895
Cap Rate: 8.1%
GRM: 7.64
Comps*: $149,000
* Comps are NOT a guarantee, but an estimation of after repair value (ARV)