1605-00 W Oxford St,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
GREAT INVESTMENT OPPORTUNITY! Introducing 1605 W. Oxford St., a modern, fully leased four-unit multifamily building in Philadelphia. With a 9.01% cap rate, this property generates $10,405 in monthly rental income, totaling $124,860 annually. With THREE YEARS REMAINING ON ITS TAX ABATEMENT, established occupancy, and spacious contemporary apartments, this property presents a compelling opportunity for investors seeking an income-producing addition to their portfolio. FOUR APARTMENTS WITH 16 BEDROOMS, 16 FULL BATHROOMS, AND ONE HALF BATHROOM! The building features one FIVE-BEDROOM apartment with FIVE FULL BATHROOMS, one THREE-BEDROOM, THREE and a HALF-BATHROOM apartment, and TWO FOUR-BEDROOM, FOUR-BATHROOM apartments. This desirable unit mix offers substantial bedroom capacity and ample bathrooms across all four residences. FULLY LEASED! All four apartments are currently occupied, providing established rental income for the next owner. The residences feature modern, spacious interiors with generous living areas and a contemporary feel throughout. The combination of modern construction, larger apartment layouts, and convenient amenities enhances the building's appeal to residents. EVERY APARTMENT FEATURES ITS OWN IN-UNIT WASHER AND DRYER, individual water heater, and dedicated HVAC system providing CENTRAL HEAT AND CENTRAL AIR CONDITIONING. These appliances and systems operate on electricity. Individual heating and cooling systems allow residents to control their own apartment's temperature, while private laundry adds everyday convenience. FULLY KEYLESS BUILDING! Both the main building entrance and every individual apartment feature coded keypad access, providing convenient entry without physical keys. SECURITY CAMERAS THROUGHOUT THE HALLWAYS AND ON THE EXTERIOR provide additional monitoring of the building's common areas and surroundings. With all four apartments leased, three years remaining on the tax abatement, and a combination of modern residences and individual apartment systems, 1605 W. Oxford St. offers an attractive opportunity for experienced investors and buyers expanding their multifamily holdings. Its current annual rental income of $124,860 and advertised 9.01% cap rate make this a property worth considering for a Philadelphia investment portfolio. AT LEAST 24 HOURS' ADVANCE NOTICE IS REQUIRED FOR ALL SHOWINGS. Please coordinate appointments in advance to accommodate the occupied residences. All information, including unit configuration, bedroom and bathroom counts, occupancy, lease terms, rental income, expenses, cap rate, construction details, tax abatement status and remaining term, utilities, and building features, must be independently verified by the buyer and buyer's representatives. One listing agent is related to the owner.
Details
| MLS # | PAPH2678124 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2019 |
| Days On Site | 11 |
| Listing Provided By | Keller Williams Realty Devon-Wayne | Michael Coleman |
Features
| SQ Feet | 4,572 |
|---|---|
| Basement | Y |
| Story(s) | 4 |
| Units | 4 |
| Zoning | RM1 |
| Acreage | 0.04 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Block |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 2592 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19121) | |
Price: $1,195,000 low | high Med: $189,000 sqft: 4,572 low | high Med: 1,216 $ / sqft: $261 low | high Med: $155 On site: 11 low | high Med: 6 | |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19121) | |
Price: $1,195,000 low | high Med: $189,000 sqft: 4,572 low | high Med: 1,216 $ / sqft: $261 low | high Med: $155 On site: 11 low | high Med: 6 | |
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