Property Description

Welcome to 1845-47 N 6th Street, Olde Kensington's Crown Jewel! Built in 2020, this 9 unit building offers a smart mix of bilevel 2BR/2BA, single floor 2BR/2BA, and 1BR/1BA residences in the thriving 19122 zip code. With 7 of 9 units leased on long term leases, the property brings in $11,860 per month ($142,320 annually) today, with a projected gross scheduled income of $184,320 once the remaining two units are leased, giving you immediate cash flow and real upside. Remaining years on the tax abatement make the numbers even stronger. Every residence is designed to attract and keep quality tenants, with open concept kitchens featuring stainless steel appliances, quartz countertops and sleek modern cabinetry, plus in unit washer and dryer, hardwood floors and abundant natural light. Upgrades like surround sound, smart thermostats and security systems set these units apart from the competition. Step outside and you're moments from Olde Kensington's best bars, restaurants and shops, including Human Robot, Billy Penn Studios, Sor Ynez and more, with Northern Liberties, Fishtown and Center City all close by. Whether you're growing your portfolio or buying your first multifamily, this is a rare chance to own a modern, income producing property in a neighborhood that keeps getting better. Rent roll available upon request. Schedule your showing today!

Property Features

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