CHARIS REALTY GROUP

6904 RISING SUN AVENUE 00 A

PHILADELPHIA, PA 19111

MLS#: PAPH2677602

$1,720,000

Status: Active
Listing number: PAPH2677602
Listing provided by: Longlong Zhan Real Estate Investment
Listing agent phone: None
Last update: 2 days ago
On site: 23 days ago
Browse Properties
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1960

Sq.Footage

20,670

PRICE TO SELL!!!!!16-Unit Multifamily Investment Opportunity | 6904 Rising Sun Avenue, Philadelphia, PA Exceptional opportunity to acquire a 16-unit multifamily apartment building in Philadelphia, featuring 12 spacious one-bedroom apartments and 4 two-bedroom apartments. This income-producing property offers a desirable unit mix, diversified rental income, and an attractive opportunity for investors seeking to expand their multifamily portfolio. Based on the provided rent roll and operating expense figures, the property generates approximately $216,600 in annual gross rental income and an estimated Net Operating Income (NOI) of $157,322 per year, representing an approximate 72.6% NOI margin. With an established rental income profile and potential opportunities for future rental growth and operational improvements, this property presents an appealing investment opportunity for both experienced multifamily investors and portfolio buyers. Property Highlights: * 16 residential units * 12 spacious one-bedroom apartments * 4 two-bedroom apartments * Annual gross rental income: approximately $216,600 * Estimated annual NOI: approximately $157,322 * Attractive income-producing multifamily investment opportunity Contact the listing agent for additional information and to schedule a showing.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Central, Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.45

  • Lot Size(square feet)

    19,673

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,720,000

  • Tax Amount

    $23,863

  • Sq. Footage

    20,670

  • Price/SqFt

    $83

HOA

  • Association

    N/A

  • Total Monthly Fees

    true

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    152

  • Water Source

    Public

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Listing Courtesy of Zhan Su, Longlong Zhan Real Estate Investment

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Agent Emily Simpson

Salesperson, Realtor

Emily Simpson

Call Emily today to schedule a private showing.

(240) 405-5230

emilysellsfrederick@gmail.com


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PRICE TO SELL!!!!!16-Unit Multifamily Investment Opportunity | 6904 Rising Sun Avenue, Philadelphia, PA Exceptional opportunity to acquire a 16-unit multifamily apartment building in Philadelphia, featuring 12 spacious one-bedroom apartments and 4 two-bedroom apartments. This income-producing property offers a desirable unit mix, diversified rental income, and an attractive opportunity for investors seeking to expand their multifamily portfolio. Based on the provided rent roll and operating expense figures, the property generates approximately $216,600 in annual gross rental income and an estimated Net Operating Income (NOI) of $157,322 per year, representing an approximate 72.6% NOI margin. With an established rental income profile and potential opportunities for future rental growth and operational improvements, this property presents an appealing investment opportunity for both experienced multifamily investors and portfolio buyers. Property Highlights: * 16 residential units * 12 spacious one-bedroom apartments * 4 two-bedroom apartments * Annual gross rental income: approximately $216,600 * Estimated annual NOI: approximately $157,322 * Attractive income-producing multifamily investment opportunity Contact the listing agent for additional information and to schedule a showing.

6904 RISING SUN AVENUE 00 A

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