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4115-17 Brown St. 4115 Brown St 3 Unit Apartment Building $420,000 ($140,000/Unit) Philadelphia, PA 19104



INVESTMENT HIGHLIGHTS
- Easy access to public transportation
- Turn key duplex
- Abundance of natural light
EXECUTIVE SUMMARY
Nestled in the vibrant Belmont neighborhood of Philadelphia, this duplex offers a prime investment opportunity for those seeking a turnkey property in a thriving community. Renovated just a few years ago, this fully rehabbed duplex is in excellent condition, boasting modern finishes such as stainless steel appliances, hardwood-like flooring, tiled backsplashes, and in-unit laundry in both apartments. The building is currently 100% occupied, with Unit 1, a 2 bed, 2 bath, renting for $1,426/month, and Unit 2, a spacious 3 bed, 3 bath, renting for $1,910/month, bringing in a total annual rent of $40,032. The property also benefits from the tax abatement with 5 years remaining. Each unit is generously sized and features contemporary appliances and fixtures. Furthermore, the inclusion of subsidized (PHA) rents in one or both units provides a stable and reliable income stream for investors. Belmont’s growing popularity among renters, combined with its potential for future appreciation, makes this property a smart, income-generating asset for investors looking to build long-term wealth through real estate.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $420,000 | Building Class | A |
| Price Per Unit | $140,000 | Lot Size | 0.02 AC |
| Sale Type | Investment | Building Size | 1,772 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1915/2019 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | CMX2 - Commercial Mixed Use - 2 | ||
| Price | $420,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.02 AC |
| Building Size | 1,772 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1915/2019 |
| Opportunity Zone |
Yes |
| Zoning | CMX2 - Commercial Mixed Use - 2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
- Basement
- Framed Mirrors
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 3+3 | 2 | - | - |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (76)
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4115-17 Brown St. | 4115 Brown St
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