108 S 55 Th St

PHILADELPHIA, PA, 19139

$6,999,999

$5,426 per ft²
$6,999,999
$5,426 per ft²
Active
Active
 - For Sale
beds
3 Beds
baths
1 Full Bath
carpenters-square
1,290 ft²
property_type
Residential
calendar
Built 1925
A rare opportunity to own a fully-occupied scattered -site, turn -key residential rental portfolio of 48 properties in West Philadelphia. All but two of the units are under Housing Choice Voucher program leases with the Public Housing Agency being responsible for an average of 73% of their income across all the properties. The portfolio was acquired over a period of seven years and nearly all of the units have been renovated within the last five years and have in-unit washers/dryers and microwaves. Ownership has maintained and self-managed the properties during this period. This opportunity offers investors a steady income for years to come for a group of properties located in an area that is rapidly increasing in value. All 48 properties have to be purchased as a package deal. No separation of package. 48 properties: 5209 Hazel Ave, 145 N. Wanamaker St, 108 S. 55th St, 2059 S. Frazier St, 2511 S. Dewey St, 1213 N. Allison St, 59 N. Felton St, 1725 S. 55th St, 5506 Lansdowne Ave, 7252 Grays Ave, 6068 Callowhill St, 52 N. Felton St, 545 N. Allison St, 1334 N. Wanamaker St, 233 N. Ramsey St, 5637 Broomall St, 334 N. Salford St, 6409 Saybrook Ave, 530 N. Vodges St, 4526 Westminster Ave, 445 N. 51st St, 1112 S. Ruby St, 162 N. Millick St, 105 N. Millick St, 325 N. Robinson St, 5961 Chester Ave, 635 N. 54th St. 22 N. Dewey St, 22 N. Conestoga St, 1626 S. Wilton St, 5435 Belmar Terrace, 139N. 51st St, 5327 Ogden St, 5451 Kingsessing Ave, 1235 N. Conestoga St, 207 N. Wilton St, 5539 Wyalusing Ave, 111 N. 59th St, 426 N. Robinson St, 236 N. Wanamaker St, 1419 N. Alden St, 228 N. Hobart St, 5536 Wyalusing Ave, 1249 N. Allison St, 5140 Parrish St, 126 N. Wilton St, 147 N. Dewey St, 5522 Pearl St.
MLS ID:
PAPH990918
Listed:
2/28/21
Updated:
5/12/21

Interior Features

Kitchen Appliances
Dryer, Microwave, Oven/Range - Gas, Refrigerator
Total Bedrooms
3
Full Bathrooms
1
Interior Features
Wood Floors, Ceiling Fan(s), Kitchen - Eat-In, Tub Shower
Cooling
Window Unit(s)
Heating
90 Forced Air

Exterior/Building Features

Lot Size
806 ft² lot
Architectural Style
Straight Thru, Air Lite
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19139 (19139)
Attached Garage
No
County
PHILADELPHIA
Water Source
Public
Pool Description
No Pool
Zoning
RM1

Property History

Date
Event
Price
Value
4/21/21
Price Change
$6,999,999
-11%

Courtesy of OCF Realty LLC

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Data last updated 8:59 AM UTC, 5/12/21

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