Leiper St, 19124- 5 Units, $3,100 Rent w/ $3,800+ Potential

North Philly | 5-Unit Multifamily | 9%+ Cap Rate | Value-Add Opportunity

xx13 Leiper St, Philadelphia, PA 19124

ATTENTION MULTIFAMILY INVESTORS!

Here’s an off-market 5-unit multifamily opportunity offering strong in-place income with immediate upside. This 2,400 sq ft property on a 21 × 123 lot includes 4 one-bedroom units and 1 two-bedroom unit, all with month-to-month leases, allowing for quick rent increases. With below-market rents and one discounted tenant, this deal is positioned for both cash flow and value-add growth from day one.

🏠 Property Details:

• 5 Units (4 × 1BR, 1 × 2BR)
• Approx. 2,400 sq ft
• Lot size: 21 × 123
• Active 5-unit rental license
• Tenants pay electric & heat

📊 Current Financials:

• Gross Rent: $3,100/month
• NOI: ~$29,700/year
• Cap Rate: ~9.3%
• Taxes: ~$2,925/year
• Insurance: ~$3,000/year

💡 Key Highlights:

• Month-to-month leases → immediate ability to increase rents
• Below-market rents with clear upside potential
• Projected rents: $3,800+/month
• Low operating expenses (tenant-paid utilities)
• Strong cash flow from day one
• Ideal for buy-and-hold investors or portfolio expansion

📞☎️ Call or text our team at: 215-395-6211

Showings by Appointment Only – Serious Buyers / Investors Only.