2142 S BROAD ST Philadelphia, PA 19145

INVESTOR ALERT- 4 unit CMX2 building already making money with value add potential. Currently the cap rate is 5.5% with lots of potential to easily increase the cap rate and profit margin. Great location in South Philly on busy Broad St with a bus stop out front, subway stop is less then a block away, Starbucks across the street, and Methodist Hospital down the block. The building consists of 2 Renovated RESIDENTIAL Apartments, both of which have 2 bedrooms, 1 bathroom, LVP flooring, and central HVAC. Both units were updated 3 years ago. The 2nd floor apartment also includes a unit washer dryer. Current tenants are month to month and paying $1,400 per month which is below market value. These could make great Short-Term Rentals like Air BNB because of the location. LOWEL LEVEL COMMERCIAL rental unit is rented as offices. Current tenant has just under 3 years left on lease, but willing to terminate should new owner want. They are paying $1,150 with rent going to $1,200 the last 2 years. FIRST FLOOR COMMERCIAL rental unit was used by the current owner as a dental practice. He has since retired. This unit needs to be cleaned out and updated. Can easily rent for $1,400-$1,500 per month. We had a lot of interest but current owner did not get it cleaned out. Not all of the utilities are divided up including gas. You can easily have a gas meter and divide the heat and add profit. Please inquire about the market cap analysis. The sale