4,500 SqFt
4,500 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $144
Lot Size 670 Sqft
MLS Listing ID PAPH2593766
Style Traditional
Subdivision Newbold
Total Units 3
Short Sale No
Originating MLS BRIGHT
Property Description
Rare opportunity to acquire a cash-flowing 3-property rental portfolio in Philadelphia featuring 2315 Pierce St, 2235 E Ann St, and 2271 E Cambria St. The seller prefers to sell all three properties together for $675,000, creating an ideal opportunity for investors looking to acquire multiple performing assets in one transaction.
The portfolio is currently fully occupied with long-term tenants and generates $56,880 annually in rental income, providing immediate and stable cash flow from day one.
All three homes have been updated with renovated kitchens and bathrooms, including modern cabinetry, updated fixtures, and refreshed finishes that appeal to today's renters while helping minimize near-term capital expenditures. These improvements make the portfolio a true turnkey investment requiring minimal upfront work.
Properties with existing tenants, recent upgrades, and stable income are increasingly difficult to find in Philadelphia, making this an attractive acquisition for both local and out-of-area investors seeking reliable cash flow.
2315 Pierce St is being offered individually at $245,000, however the seller strongly prefers a portfolio sale including:
• 2315 Pierce St
• 2235 E Ann St
• 2271 E Cambria St
Portfolio Price: $675,000
Investor-friendly opportunity with potential for future rental increases as leases renew.
Whether you are expanding an existing rental portfolio or entering the Philadelphia market, this offering provides immediate income, updated properties, and long-term tenant stability in a single acquisition.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RSA5
Interior
Hot Water 60+ Gallon Tank
Heating Central
Cooling Central A/C
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Building
New Construction N
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade
Schools
School District The School District Of Philadelphia
Others
Tax Amount $831
Tax Year 2018
Tax ID 364099400
Ownership Fee Simple
SqFt Source 4500
Special Sale Standard
