838 N BROOKLYN STREET, PHILADELPHIA, PA 19104

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

HOA & Tax

HOA:

None

Annual Tax:

$956 (2025)

Assessed Value:

$68,300

Parcel #:

062302400

Directions

Head toward Walnut St  253 ft Turn right at the 1st cross street onto Walnut St  417 ft Turn right onto S 39th St  0.2 mi Turn left onto Market St  0.3 mi Turn right onto N 42nd St  0.7 mi Turn left onto Parrish St  276 ft Turn right onto Brooklyn St  Destination will be on the left

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