2255 N Delhi Street

Description

Introducing 2255 n Delhi St, a newly constructed property in Philadelphia's 19133 zip code with a 10 year tax abatement! This triplex boasts 2 2-bedroom units and 1 spacious 3-bedroom unit, each featuring modern amenities like washers and dryers, dishwashers, and garbage disposals. The units also showcase large marble countertops, offering tenants a touch of luxury.With a current rent of $5,189, there is room to increase to a market rent of $5,600, making this an attractive investment opportunity. The property provides consistent income, with tenants already in place, offering ease of ownership. Valued at $775,000, the property offers a cap rate of 6.63% and an annual net income of $51,372.Located near Temple University, 2255 n Delhi St benefits from the university's vibrant environment, attracting students and faculty as potential tenants. This thriving neighborhood presents an excellent investment opportunity for those looking to capitalize on the university's influence and the area's growth potential.Unit 1: $1680 exp 12/31/2026 (Section 8 100% guaranteed by GOV) (market rent $2100)Unit 2: $1700 projected rent (Section 8 process has started)Unit 3: $1800 exp 1/31/2026 (PHMC lease 100% guaranteed by GOV)