257 Tampa St Philadelphia, PA 19134

This exceptional investment opportunity presents a portfolio of two income-producing properties located in Philadelphia's Kensington neighborhood at 257 E Elkhart St and 3402 Tampa St, zip code 19134. The portfolio consists of two buildings, each two stories, totaling 1,652 square feet of net rentable space. Built in 1920, these properties are classified as Class C multifamily and currently boast 100% occupancy with month-to-month tenants. The combined annual net operating income (NOI) is $18,600, yielding a compelling 10.34% cap rate. The asking price for this turnkey investment is $179,800. One unit features 2 bedrooms and 1 bathroom (728 sq ft), while the other offers 3 bedrooms and 1 bathroom (924 sq ft). Tenants are responsible for all utilities, minimizing owner expenses. The properties are situated in a rapidly developing area, close to public transportation, major highways (I-95 and Aramingo Ave), and various amenities. This presents a significant value-add opportunity due to below-market rents, allowing for potential rent increases or property repositioning. The properties are zoned RSA5 and are sold AS-IS. This portfolio offers immediate cash flow and strong potential for future appreciation in a vibrant, up-and-coming Philadelphia neighborhood.