Turnkey Duplex w/ Active Rental License

Hunting Park | 3-Story Duplex | 12% Cap Rate | Separate Utilities
xx16 W Jerome St, Philadelphia, PA 19140

ATTENTION MULTIFAMILY & CASH-FLOW INVESTORS!
This 3-story duplex in Hunting Park delivers strong in-place cash flow with a 12% cap rate based on current rents and conservative expenses. With separate utilities (except water), an active 2-unit rental license, and month-to-month leases, this is a solid buy for investors looking for immediate returns with the flexibility to adjust rents or strategy over time.

🏠  Property Overview:

• Configuration: 3-story duplex (2 units)
• Approx. 1,624 sq ft
• Zoning: 2-unit (RM1-style use)
• Active 2-unit rental license
• Condition: Average (upper unit renovated approx. 5–6 years ago)
• Utilities: Fully separated except water
• Leases: Month-to-month
• Annual taxes: $5,210 (if you want to keep from earlier template; otherwise omit)

🧩  Unit Breakdown:

Unit 1 – First Floor

• 1 bedroom / 1 bathroom
• Rent: $775/month
   

Unit 2 – Second & Third Floors (Large Bi-Level Unit)

• 4 bedrooms across two floors
• Renovated approx. 5–6 years ago
• Rent: $1,200/month (includes $100/month water contribution)

💰  Financial Summary (Per Seller):

• Monthly gross rent: $1,975
• Annual gross rent: $23,700
• Annual operating expenses: $3,784 (incl. insurance)
• Annual NOI: $19,916
• Cap rate: 12.07%

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

Showings by Appointment Only – Serious Buyers / Investors Only.