Philadelphia, PA 19125
$1,250,000
Great investment opportunity in the heart of Fishtown! 1417-1419 E Columbia Avenue consists of 2 adjoining buildings being offered together, featuring 10 fully occupied apartments with an established rent roll and value-add potential.
1417 E Columbia Avenue
Unit 1F: Studio | $1,058/month | Lease expires 6/27/27
Unit 1R: 1 bedroom | $1,290/month | Lease expires 5/28/27
Unit 2F: 1 bedroom | $1,100/month | Lease expires 6/27/27
Unit 2R: 1 bedroom | $1,250/month | Lease expires 6/27/27
Unit 3F: 1 bedroom | $1,095/month | Lease expires 5/28/27
1419 E Columbia Avenue
Unit 1F: Studio | $975/month | Lease expires 5/28/27
Unit 1R: 1 bedroom | $1,243/month | Lease expires 7/28/27
Unit 2F: 1 bedroom | $1,095/month | Lease expires 5/28/27
Unit 2R: 1 bedroom | $1,335/month | Lease expires 6/27/27
Unit 3: 1 bedroom | $1,135/month | Lease expires 5/28/27
Total monthly rental income is $11,576, producing $138,912 in annual gross rental income. The properties offer established income with future value-add potential through updates and improvements. Conveniently located near Fishtown’s restaurants, shopping, entertainment, public transportation and major employment centers. A rare opportunity to acquire 2 fully occupied income-producing buildings in one of Philadelphia’s most popular neighborhoods. Schedule your showing today!
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Listed by Michael R. McCann, KW Empower