beth, Home Buyer in Philadelphia, PA

Are the units rented out? If so for how much?

Asked by beth, Philadelphia, PA Tue Jul 16, 2013

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Yes. 725/mo, 750/mo, 875/mo. Expenses for last year listed on TREND include renovation that was done last year. Please email me if you need expenses for this year. Thank you.
Jana Vagele
Coldwell Banker Preferred
215-519-1002 cell
0 votes Thank Flag Link Tue Jul 16, 2013
Hi Beth, yes, they are rented out as follows: Unit 1: 3br/1ba, $725/mo. Unit 2: 2br/1ba, $750/mo. Unit 3: 2br/1na, $875/mo. TOTAL: $26,100/yr - $10,691 annual expenses = $15,409 annual income. That's a cap rate of 6.16%.

Do you want to see the property?

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
856.617.1212 m
Web Reference:
0 votes Thank Flag Link Tue Jul 16, 2013
Thanks very much for your quick and comprehensive reply. Actually, I am looking for return of at least 7%.
If you have another property to recommend, I'd be happy to hear about it. One of the criteria that is important to me is safe neighborhood (a green area.)

Thanks again,

Flag Tue Jul 16, 2013
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