131 N 50TH ST Philadelphia, PA 19139

Property was purchased as a total shell and rebuilt between 2009-2010. Exterior original brick details were restored. Built new roof, plumbing, electric, fire alarms, windows, flooring, heating and water boilers, tiled kitchens and bathrooms, hardwood floors throughout all the units. Currently the property is mostly in good condition, needs some paint in the common hallway areas and minimal basic TLC t/o; being sold in AS IS condition. Property is a legal zoned 5 unit building setup with SROs within the apartments. 1st floor has 3 bedroom SRO apartment inside has a shared kitchen 1 full shared bath for 2 bedrooms and 3rd bedroom has private bath and private use of the backyard total rent is $1780. 2nd floor front is an efficiency rented for $700/m. 2nd floor rear is 2 bedroom SRO apartment sharing a kitchen and bath total rent $1080. 3rd floor is just like the 2nd floor with 3rd floor front being an efficiency rented for $725/m. 3rd floor rear 2 bedroom SRO rented for $1140. Also has a separate garage in the rear of the property also rebuilt with a new roof which is rented since 2009 for $300/m. Existing property manager can continue to manage the property for the new owner for a reasonable fee. Property can be purchased in a package of 7 other strong income generating properties (MLS#:6645508,6645446,6645494,6645516,6645464,6645523 ). Seller may consider owner's financing with a package deal and substantial down payment.