413 N 54TH 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

Appliances:

Gas Water Heater

Cooling:

Central Air, Electric

Heating:

Electric, Forced Air

Basement:

Finished

Pool:

None

Parking:

None

Foundation:

Other

Sewer:

Public Sewer

Water Source:

Public

Schools

District:

THE SCHOOL DISTRICT OF PHILADELPHIA

Financial Details

Directions

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)  1.5 mi Turn right onto S 53rd St  0.8 mi Turn left onto Westminster Ave  427 ft Turn left at the 1st cross street onto N 54th St  367 ft Turn left onto Ogden St  Destination will be on the right

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