PACKAGE SALE ONLY. 5844 Pentridge St (MLS# PAPH2684546) is sold together with 5829 Pentridge St (MLS# PAPH2684534), a matching 3-bedroom home on the same block. Two homes, $250,000 total ($125,000 each). Both are sold as-is. Neither will be sold separately. Both must be purchased by one buyer at one settlement.… Read More 5844 is a 3-bedroom, 1-bath, 1,230 sq ft row home with a front porch, rear yard, eat-in kitchen, first-floor laundry and a full basement. It is leased at $1,530 a month through March 31, 2027, so you collect rent from day one. 5829 is vacant and ready for a light rehab. The walls, windows, doors and bath are in place. Add a kitchen and new flooring, then pick your tenant and set the rent. The numbers work. With 5829 rehabbed and leased at a projected $1,500 a month, the pair brings in about $36,360 a year in gross rent. That is a 6.9x gross rent multiplier and a 14.5% gross yield. After 5% vacancy, taxes, insurance and a maintenance reserve, projected NOI is about $25,000. That is roughly a 10% cap rate on $250,000. Finance it with 25% down at 7.25% over 30 years and you are looking at about $800 a month in cash flow and a cash-on-cash return near 13.8%. Even with professional management, it pencils at about an 8.9% cap rate and a 9.9% cash-on-cash return. This is where the upside is. You are buying at about $102 per sq ft. Finish 5829 and you build equity from the start. The Bellwether District redevelopment is bringing new jobs to South and Southwest Philadelphia. SEPTA is rolling out a new trolley fleet. University City's universities and hospitals are a short ride away. Buy now and hold as the area grows. Two matching homes on one street means one contractor, one insurance policy, one closing and simple management. A clean add to a growing portfolio, or a strong first step for a new investor. Projections are estimates, not guarantees. They assume tenant-paid utilities, 2026 real estate taxes and 3% closing costs, and they do not include rehab costs for 5829. Buyer to verify all figures. Read Less
Courtesy of ERIC Andrew Dvotsky, BHHS Fox & Roach-Center City Walnut 215-627-6005
Listing Snapshot
Days Online
1
Last Updated
Property Type
Townhouse
Beds
3
Full Baths
1
Square Ft.
1,230
Lot Size
0.04 Acres
Year Built
1920
MLS Number
PAPH2684546
Additional Details
Appliances & Equipment
Oven - Self Cleaning
Basement
Full
Building
Built in 1920, Living area: 1230, Levels: 2, Construction Materials: Masonry
Cooling
None
Accessibility Features
None
Exterior Features
Patio/Porch Features: Porch(es), Sidewalks, Street Lights
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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