Sold
CLOSED
224 E Dorset St
Philadelphia PA, 19119
$3,270,000
$122.37 per sqft
Sold
CLOSED
24 Beds
26,723 sqft
Other
Built in 1920
22 home portfolio for sale in the surging Germantown section of Philadelphia, Pennsylvania. Turnkey investment sale offered at an extremely attractive 7.5% cap rate with major rental upside (9.5% pro forma cap rate on market rate rents) in a fast-growing desirable location. Assets have been well maintained and historically occupied throughout Ownership's tenure. This is a rare chance to acquire a cash flowing real estate portfolio in an emerging submarket with appreciation forecast for double digit annual returns. These properties are offered well below replacement cost. The area is booming with new construction apartments, homes and retail. Easy access to downtown Philly, University City, and Greater Philadelphia suburban employment centers. Enquire within for financials.
PAPH2042958
MLSⓇ ID
December 1, 2021
Listed
October 2, 2024
Updated
Map
224 E Dorset St
Philadelphia PA, 19119
Interior Features
Bedrooms
24
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Natural Gas
Exterior/Building Features
Lot Size
0.02 Acres
Architectual Style
Traditional
Sewer
Public Sewer
School Information
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Other Property Details
Area Name
PHILADELPHIA
Taxes
$1,296
Tax Frequency
Annually
Days on Market
61
Garage
No
View
No
County
PHILADELPHIA
Water Source
Public
Pool
No
Listed by Compass Pennsylvania, LLC
Listing Contact: 2678385265
The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 10/2/2024 at 6:27 AM UTC
