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$350,000
Listing Price--beds
--baths
1,104sqft
1,020sqft lot
2051 Margaret St, Philadelphia, PA 19124
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Landlord Special! Fully Occupied 5-Unit Portfolio + Vacant Lot - Approx. 9% Cap Rate.nnExceptional investment opportunity on Margaret Street in Philadelphia! This unique offering includes three RM-1 parcels being sold together (Parcel IDs: 885305060, 232163500, and 232163600), creating an outstanding opportunity for investors looking to expand their portfolio with immediate cash flow and future development potential. Property certifications are available in the document section.nn2049 and 2051 Margaret Street feature five fully occupied 1-bedroom, 1-bathroom rental units, each currently leased for $675 per month, generating $3,375 in monthly rental income ($40,500 annually). A new roof has recently been installed, adding value and reducing near-term capital expenses.nn2047 Margaret Street is a vacant lot offering endless possibilities for future development, expansion, additional parking, or outdoor space to enhance the existing investment.nnConveniently located just minutes from I-95, this property provides quick access to Center City Philadelphia, Philadelphia International Airport, and New Jersey. Public transportation is available right at the corner, making the location especially attractive to tenants.nnThe portfolio is being sold as-is, and the seller will make no repairs.nnWhether youre an experienced investor or looking to grow your rental portfolio, this income-producing package offers immediate cash flow, approximately a 9% cap rate, and long-term upside through th
Interior Details
1104
N/A
N/A
Has Heating:
No
Heating Type:
N/A
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
1020
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Conventional
Brick
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$762
$10,108
$44,392
--%
$54,500
2019
$732
$9,700
$42,600
--%
$52,300
2018
$846
$11,253
$49,247
--%
$60,500
2017
$846
$11,253
$49,247
--%
$60,500
2016
$846
$10,200
$50,300
--%
$60,500
2014
$810
$10,200
$50,300
--%
$60,500
2013
$431
$827
$3,589
--%
$4,416
Average Home Price in 19124
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