13020 Blakeslee Drive

Description

OFF-MARKET | 8-UNIT MULTIFAMILY PORTFOLIOSomerton | Philadelphia, PennsylvaniaAsking Price$1,800,000Investment Highlights ● 8 residential units across 4 duplex buildings ● Portfolio includes: ● 13020 Blakeslee Drive ● 13022 Blakeslee Drive ● 13032 Blakeslee Drive ● 13034 Blakeslee Drive ● Each duplex features: ● Two 2-bedroom apartments ● Two private garages ● Individual laundry hookups ● Identical floor plans for efficient management ● Located in the highly desirable Somerton neighborhood of Northeast Philadelphia ● Convenient access to SEPTA Regional Rail, shopping, restaurants, schools, and major highways ● Strong rental demand with excellent long-term investment potentialFinancial SummaryGross Annual Income: $175,000Annual Operating Expenses: Approximately $25,000Net Operating Income (NOI): Approximately $150,000Asking Price: $1,800,000Cap Rate: Approximately 8.33%Investment OpportunityThis is a rare opportunity to acquire a well-maintained, income-producing multifamily portfolio in one of Northeast Philadelphia’s most desirable rental markets. The properties offer stable cash flow, low operating expenses, and upside potential through future rental growth. Whether you’re expanding an existing portfolio or completing a 1031 exchange, this asset presents an attractive investment opportunity.ClosingSeller is seeking a fast closing. Qualified buyers are encouraged to provide proof of funds or financing pre-approval prior to scheduling property tours.For additional information, including the rent roll, operating statements, or to arrange a private showing, please contact the listing agent.