Off Market Turn key 3-unit Condo Building 19123 1005 N Marshall St, Philadelphia, PA 19123, USA
Property Detail
Property Description
Newly Built Condo Building in Prime Location
7 year tax abatement left
7 year tax abatement left
Property consist of 3 separate condos ( 3 different tax ids that can be sold separately in the future).
Unit 1( bi-level) -1700 sqft – 3 bd/ 3.5 baths ( backyard, washer, dryer, speakers, intercom system) – Rent $2250
Unit 2 – 1000 sqft – 2 b d/ 2 baths (2 balconies, washer, dryer, speakers, intercom system) Rent $1860
Unit 3 -1100 sqft – 2 bd / 2 baths ( 2 balconies, private access to the roof deck,washer, dryer, speakers, intercom system) Rent $2375
Total rent $6,485/month ( $77,820 annually).
Expenses: $7800/year
Insurance $3800 per year
Common electric $400 per year
Alarm $600
Taxes $3000
NOI – $70,020 per year.
CAP RATE – 6.6%