1930 E Stella St E Stella Street Philadelphia, PA 19134
SELLER FINANCING AVAILABLE! CONTACT LISTING AGENT FOR MORE INFORMATION. Introducing an exceptional investment opportunity, brought to you by the Philly Home Advisors team. This portfolio is the result of over 45 years of acquisition by a family-owned business, meticulously maintained to this day, now for sale due to current owners wanting to retire. The portfolio boasts the majority of both sides of an entire city block and includes 14 fully-occupied single-family homes, two 5-unit apartment buildings, a 6500 +/- SQ ft lot, 6 bay small rental garage spaces, and a 30, 000 +/- SQ ft warehouse. Situated in a cul-de-sac on the 1900 block of E Stella St, which ends at an elementary school, this portfolio is in a prime location, close to local highways and mass development. The residential units are fully occupied, grossing $317, 400 annually in rent with all tenants paying on time - does not include the owner-occupied industrial spaces (warehouse, garage). Furthermore, the two five-unit buildings have the potential to increase their rent by at least 20% with no capital investment. The warehouse lot and garage spaces are currently owner-occupied and will be sold vacant. Based on market comps, the warehouse should yield between $8.15-$9 per SQ ft annually. With minimal investment, this portfolio offers endless opportunities for future value and current rental increases. When fully occupied, it is expected to yield around a 10% cap rate. The convenience of having all properties on one block makes managing this portfolio a breeze. Perfect for investors, developers, or owner-occupants seeking industrial space, this portfolio is a rare and unique investment opportunity not to be missed. Contact us now to schedule a tour and secure your investment in this highly sought-after location.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyPhiladelphia
- Taxes$6,861
- HOA/Condo/Coop Fees$0
- Days on Site47 Days
- MLS StatusActive Under Contract
- MLS ID NumberPAPH2194636
- Home Size Source Estimated
- Year Built1940
- Lot Size0.21 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking PrivateOn StreetPrivate Garage
- Sewer Public Sewer
- Electric 200+ Amp Service
- Acreage 0.21
- Water Public
- Cross Street EMERALD ST
- Property Sub Type Multi Family
- Attached Garage No
- Utilities Water AvailableSewer AvailableNatural Gas Available
- Zoning RSA5
Interior Features
- Cooling NoneElectric
- Heating 90% Forced AirNatural Gas
Exterior Features
- Roof Flat
- View City
- Spa No
- Waterfront Property No
Community Features
- MLS Area 19134 (19134)