1421 W Ritner Street

Girard Estates, Philadelphie, PA 19145

Located in a fantastic location and a great street, this 3-story building houses 5 studio apartments that are easy to rent. All units are well laid out and generally in good condition. Convenient to transportation to the center city business districts, shopping, and sports venues. Also, it is within walking distance of many fine restaurants. The basement laundry facilities include a clothes washer and dryer and are available to all tenants. Tenants pay for electricity. Gross rental income is approximately $58,000 annually and expenses of about $16,000 yielding a net operating income of $42,000. The rental market in this area is showing an opportunity to increase annual rental income to $62,000. The property should appeal to either a 1st-time investor or be a welcome addition to an investor's portfolio. See the attached Document which shows current figures as well as pro-forma numbers.

This is an Active listing.

Broker Office Phone Number: 610-566-1100

Copyright © 2023Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.