2236 S Felton Street

Southwest Philadelphia, 费城, PA 19142

This spacious modern RM-1 property is located right off 62nd and Woodland. Step into a sunroom that leads into an expansive living and dining area, complete with a half bath. The modern eat-in kitchen provides access to a large rear yard, perfect for outdoor activities. The basement is partially finished, and all mechanical systems are reported to be in good condition. The property sits on a generous 16x75 lot, and the current PHA HCV [SECTION-8] payment standard setting the rental value at $1,788, the cap rate of approximately 14.77% indicates strong potential returns. Even if rents come in lower at $1,500, the cap rate of about 12.41% still reflects a solid investment opportunity. Currently occupied by one tenant, but the tenant is willingly moving out. She has been in place for over 11 years and rents are not reflective of current values. Rent details are provided in the AGENT PRIVATE SECTION in the MLS. Exciting developments are on the horizon for Southwest Philadelphia, promising significant appreciation in local real estate. The property is just minutes from the $250 million PHA redevelopment at Bartram Village. It's an 8-minute bike ride to the river for kayaking and fishing at Bartram's Gardens, a 50-acre public garden and National Historic Landmark along the Tidal Schuylkill River. Additionally, its a short 12-minute bike ride to the new Saint Joseph's University campus, established through a merger with the University of the Sciences in 2022. The property is also near the newly branded Africatown, which will see a $23 million mixed-use project featuring a retrofitted commercial space, new construction, and a full-service restaurant and retail shops.

This is an Active listing.

Broker Office Phone Number: 215-607-6100

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