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)