1511 North 54Th Street North Philadelphia, PA 19131

$395,000
0.04
Acres
1,900
SQFT
208
$/SQFT
$395,000
1,900   sf
$208 / sf
Favorite

active
1/22
Street View

A Philadelphia Investment Opportunity With Income Potential, Purpose, and PossibilityYour next real estate investment could be more than a property. It could be the foundation of your next chapter in wealth building.Welcome to 1511 N. 5th Street, Philadelphia, Pennsylvaniaa compelling opportunity for the visionary investor who understands that successful real estate investing is about more than acquiring a building. It is about recognizing potential, creating lasting value, and positioning yourself to benefit from the enduring need for quality rental housing.This 3 unit residential investment presents an opportunity to establish or expand a rental portfolio in Philadelphia's dynamic urban real estate market. Featuring 2 - 1 bedroom units and 1 - 2 bedroom unit, the property offers a diversified residential configuration that can appeal to a range of prospective renters, subject to market demand, property condition, and applicable rental requirements.For investors navigating today's higher borrowing costs, opportunities deserve to be evaluated through a disciplined lens: income potential, operating expenses, tenant demand, long-term appreciation prospects, and the ability to create value. This property offers an opportunity to explore all of those considerations in one investment.3 units. Multiple income opportunities. One strategic acquisition.The property's three-unit configuration is central to its investment appeal. An investor has the opportunity to generate income from 3 separate residential units.The proposed rental-income analysis uses the Philadelphia Housing Authority payment standards previously discussed as a preliminary benchmark:- Two one-bedroom units: $1,960 per month each.- One two-bedroom unit: $2,330 per month.Based on those assumptions, the property has a projected gross rental income of $6,250 per month, or $75,000 annually, before vacancy, operating expenses, and any adjustments required by the applicable rental program.For an investor, this creates a starting point for evaluating the property's earning potential and developing a thoughtful acquisition strategy.The final achievable rents must be independently verified. Housing Choice Voucher payment standards are not guaranteed rents, and the applicable ZIP code, voucher requirements, utilities, rent-reasonableness review, and property eligibility must all be confirmed.An investment strategy for today's interest-rate environmentHigher interest rates have changed the way investors evaluate real estate. Borrowing costs can reduce cash flow, increase monthly debt service, and make careful underwriting more important than ever.But higher rates do not automatically eliminate opportunity. They make the quality of the acquisition, the accuracy of the numbers, and the investor's strategy even more important.At an asking price of $395,000, buyers can evaluate this property based on its potential rental income, anticipated operating expenses, financing structure, and long-term objectives.(Note: Select photos have been virtually staged for visualization purposes only.)

A Philadelphia Investment Opportunity With Income Potential, Purpose, and PossibilityYour next real estate investment could be more than a property. It could be the foundation of your next chapter in wealth building.Welcome to 1511 N. 5th Street, Philadelphia, Pennsylvaniaa compelling opportunity for the visionary investor who understands that successful real estate investing is about more than acquiring a building. It is about recognizing potential, creating lasting value, and positioning yourself to benefit from the enduring need for quality rental housing.This 3 unit residential investment presents an opportunity to establish or expand a rental portfolio in Philadelphia's dynamic urban real estate market. Featuring 2 - 1 bedroom units and 1 - 2 bedroom unit, the property offers a diversified residential configuration that can appeal to a range of prospective renters, subject to market demand, property condition, and applicable rental requirements.For investors navigating today's higher borrowing costs, opportunities deserve to be evaluated through a disciplined lens: income potential, operating expenses, tenant demand, long-term appreciation prospects, and the ability to create value. This property offers an opportunity to explore all of those considerations in one investment.3 units. Multiple income opportunities. One strategic acquisition.The property's three-unit configuration is central to its investment appeal. An investor has the opportunity to generate income from 3 separate residential units.The proposed rental-income analysis uses the Philadelphia Housing Authority payment standards previously discussed as a preliminary benchmark:- Two one-bedroom units: $1,960 per month each.- One two-bedroom unit: $2,330 per month.Based on those assumptions, the property has a projected gross rental income of $6,250 per month, or $75,000 annually, before vacancy, operating expenses, and any adjustments required by the applicable rental program.For an investor, this creates a starting point for evaluating the property's earning potential and developing a thoughtful acquisition strategy.The final achievable rents must be independently verified. Housing Choice Voucher payment standards are not guaranteed rents, and the applicable ZIP code, voucher requirements, utilities, rent-reasonableness review, and property eligibility must all be confirmed.An investment strategy for today's interest-rate environmentHigher interest rates have changed the way investors evaluate real estate. Borrowing costs can reduce cash flow, increase monthly debt service, and make careful underwriting more important than ever.But higher rates do not automatically eliminate opportunity. They make the quality of the acquisition, the accuracy of the numbers, and the investor's strategy even more important.At an asking price of $395,000, buyers can evaluate this property based on its potential rental income, anticipated operating expenses, financing structure, and long-term objectives.(Note: Select photos have been virtually staged for visualization purposes only.)

  • Neighborhood
  • Type
  • County
    Philadelphia
  • Area
    19131
  • Tax Amount
    $3,916
  • Status
    Active
  • Listing #
    PAPH2681514
  • Built
    1925
  • Lot Size
    0.04
  • Listed on site
    9 days
  • Listing Agent Id
    302146590634

Listed by:
KW Empower

Source:
BRIGHT MLS

Click for Map
Smart Commute Planner
Add a destination

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • New Construction
  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Central Air Conditioning

Style

  • Two Story
Favorite

Tour This Home

Mon
26Oct
Tue
27Oct
Wed
28Oct
Thu
29Oct
Fri
30Oct
Sat
31Oct
Sun
01Nov
Mon
02Nov
Tue
03Nov
Wed
04Nov
Thu
05Nov
Fri
06Nov
Sat
07Nov
Sun
08Nov
in Person
via Video Call