$1,148,000
For Sale by Owner $128/sq ft
Listed 4 months ago

Multi-Family for Sale in Philadelphia, PA

6522 Lebanon Ave, Philadelphia, PA 19151
Studio
0 Bath
9,000 sq ft
Built 1925
PropSlick Verified Data Key facts & insights for this exact address
$128
Price / sq ft
1925
Year Built
$2,733
Property Tax / yr
2,264 sf
Lot Size
Philadelphia
County

Key Facts

Property TypeMulti-Family
Year Built1925
Square Footage9,000 sq ft
Lot Size2,264 sq ft
Annual Property Tax$2,733
Price / SqFt$128

Property Description

Turnkey 8-Unit Cash Cow delivering Powerful 9.2% Cap Rate with room to increase. **Prime CMX-2 Mixed-Use Investment Opportunity in Overbrook Farms section of Philadelphia. **Invest in immediate cash flow with this stabilized, fully leased 8-unit portfolio asset offering 6 apartments, 1 medical/rehabilitation center and 1 daycare facility. **Anchored by established commercial and residential tenancy, this commanding stone corner property delivers a powerful 9.2% Capitalization Rate from Day 1. **Fully rented with a proven track record of high occupancy. Meticulously maintained stone masonry structure. **CMX-2 zoning offers maximum flexibility for retail, medical office, and residential density. Situated in the heart of Overbrook Farms, a high-density neighborhood with strong demand for local services and housing and easy access to some of the region's best outdoor areas such as Fairmount Park. Just a short drive to City Line Avenue, St. Joseph's University and Lankenau Medical Center. This is a rare opportunity to acquire a high-performing asset in a high-barrier-to-entry market. Perfect for 1031 Exchange buyers seeking passive income.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Air Conditioning
Heating

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
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Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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