6904-00 RISING SUN AVE #A Philadelphia, PA 19111
0.45 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2677602
Year Built 1960
Available Date 2026-10-07
Annual Tax Amount $23,863
Tax Year 2026
Lot Size 0.452 Acres
Acres 0.45
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Exceptional opportunity to acquire a 16-unit multifamily apartment building in Philadelphia, featuring 12 spacious one-bedroom apartments and 4 two-bedroom apartments. This income-producing property offers a desirable unit mix, diversified rental income, and an attractive opportunity for investors seeking to expand their multifamily portfolio.
Based on the provided rent roll and operating expense figures, the property generates approximately $216,600 in annual gross rental income and an estimated Net Operating Income (NOI) of $157,322 per year, representing an approximate 72.6% NOI margin.
With an established rental income profile and potential opportunities for future rental growth and operational improvements, this property presents an appealing investment opportunity for both experienced multifamily investors and portfolio buyers.
Property Highlights:
* 16 residential units
* 12 spacious one-bedroom apartments
* 4 two-bedroom apartments
* Annual gross rental income: approximately $216,600
* Estimated annual NOI: approximately $157,322
* Attractive income-producing multifamily investment opportunity
Contact the listing agent for additional information and to schedule a showing.
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning RSA3
Interior
Hot Water Natural Gas
Cooling None
Heat Source Central, Natural Gas
Exterior
Garage Spaces 9.0
Utilities Available Cable TV Available
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 9
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881131410
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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