612 Federal Street

Description

Just Repriced! A corner duplex in gorgeous south Philly is the perfect investment. Under-rented with long-term tenants You could easily increase the cash flow per unit by $300 or more a month per unit. Rentals in the area are 1200 for a 1 bedroom. The cap rate would be 6.7% with these market rents! Income is estimated. This cap estimate does not include any vacancy rate estimate (Philly is 5% on average). The seller does own management so no management fees in the cap estimate. This duplex has an impressively large one-bedroom, a spacious living room, and an L-shaped kitchen, this unit has it all. Plus with its 3-piece bathroom and expansive bedroom decked out with plenty of closet space+GGit's time to call dibs on your dream investment. This beautiful downstairs unit offers amazing perks! Enjoy a picturesque garden entrance, a spacious living, and a kitchen, plus an easily accessible bathroom and bedroom. Best of all--it's located in the highly sought-after Washington Ave neighborhood with easy access to awesome amenities like the Gold Star playground nearby. Come explore this prime spot today!