4951 W Thompson Street

PHILADELPHIA, PA 19131

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 2255
    Sqft(Lot)
$629,000

Description

With the over saturation of luxury units in high priced neighborhoods, landlords in other neighborhoods are forced to give renter concessions or drastically cut their rent below marker. not here. finally an opportunity to own in an area that is in high demand for quality units.

this assets is selling at a verified 8.27% cap rate which falls perfectly in line with the area that trades regularly between 8-9%, often for lesser quality rehabs.
just take a quick swipe through the pictures, this is as turnkey of a performing asset as you can get.

currently 4/6 units are occupied, previously totaling $6080 of monthly revenue over the 6 residential units. with this income and lower property taxes and current mortgage rates, the property can provide a 1.45 dscr, making it wildly appealing to secure financing via dscr loan programs.

there are no other opportunities to own this many units under one roof on the market, take this one while you can!

  • Property Type

    Multi-Family

  • Subdivision

    Carroll Park

  • County

    PHILADELPHIA

  • Style

    Other

  • AD ID

    49807230

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Roof : Rubber

    Roofing Information

    • Rubber

    Heating & Cooling

    • Cooling: None
    • Heating: Baseboard - Electric
    • Cooling Fuel: None
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1925
    • Structure: Detached
    • New Construction: No
    • Total Units: 4
    • Built: 1925
    • Construction Material: Masonry
    • Roof: Rubber
    • Foundation/Basement: Concrete Perimeter,Brick/Mortar
    • Architecture: Other
    • Pool/Private: No Pool
    • Roof Type: Rubber

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 2,255
    • Dimensions: 20.00 x 113.00
    • Lot Size (Acres): 0.05
    • Architectural Style: Other
    • Stories Total: 3
    • Main Square Feet: 2,255

    Property Information

    • SQ ft: 3,025
    • SQ ft (Living Area): 3,025
    • Total Lot SQ ft: 2,255
    • Subdivision: CARROLL PARK
    • Financing: Cash,Conventional,Exchange,Other,Private
    • Appx. Lot Dimensions: 20.00 x 113.00
    • Total Acreage: 0.05
    • New Construction: No
    • Type: Other

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $2,828
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $202,100

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional,Exchange,Other,Private
    • Roof: Rubber

    Homeowners Association Information

    • Direction: Southwest on Lancaster Ave- Right on West Thompson St

  • School Information

    • School District: PHILADELPHIA CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: Southwest on Lancaster Ave- Right on West Thompson St
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BuyOwner last updated this listing 05/19/2025 @ 21:10

  • MLS: PAPH2484172
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 2,255 sized lot, and 0 parking. are nearby neighborhoods.