5011 RENO STREET, PHILADELPHIA, PA 19139

Description

AVAILABLE INDIVIDUALLY, or as part of a larger Philadelphia residential portfolio, this offering presents an exceptional opportunity to acquire scale, existing rental income, and long-term optionality in one of the East Coast’s most active urban housing markets. Investors may evaluate individual assets or assemble a customized portfolio based on their acquisition strategy. The full portfolio includes 102 properties totaling 108 residential units, offered at $18,800,000. The assets are located across multiple Philadelphia ZIP codes, including 19132, 19104, 19121, 19139, 19143, 19131, 19151, 19140, 19133, and 19129, providing investors with broad exposure across several residential rental submarkets. The portfolio is currently operated primarily as Housing Choice Voucher / Section 8 rental housing and includes existing tenancy, reported capital improvements, and a substantial citywide footprint. Current ownership reports approximately $9.77M in documented CapEx across the portfolio, averaging roughly $96,775 per property. Actual capital improvements, scope of work, timing, condition, and amount spent vary by property and should be independently reviewed by buyers during due diligence. Reported improvements may include updated kitchens, bathrooms, flooring, lighting, paint, trim, cabinetry, fixtures, appliances, and broader unit-level modernization, depending on the individual property. The portfolio is positioned for investors seeking immediate scale, existing income, and a platform with potential for continued operational refinement. Select properties are also reported to have remaining tax abatement benefits, which may provide additional value subject to buyer verification. For investors looking to establish or expand a meaningful Philadelphia residential portfolio, this offering delivers scale, infrastructure, and flexibility that can be difficult to assemble property by property. All property-level information, financials, rents, expenses, leases, occupancy, abatements, capital improvements, property condition, zoning, and investment assumptions are subject to buyer verification during due diligence.

Property Information

Property Features

Schools

District:

THE SCHOOL DISTRICT OF PHILADELPHIA

Financial Details

Directions

Follow Walnut St to S 48th St 5 min (1.1 mi) Head toward Walnut St  253 ft Turn right at the 1st cross street onto Walnut St  Pass by McDonald's (on the right in 0.2 mi)  1.0 mi  Continue on S 48th St. Take N 49th St and N 50th St to Reno St 5 min (1.0 mi) Turn right onto S 48th St  0.2 mi Turn left onto Market St  0.1 mi Turn right onto N 49th St  0.3 mi Continue onto N 50th St  0.2 mi Turn left onto Funston St  282 ft Continue onto Farson St  187 ft Turn right onto Reno St  Destination will be on the left

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