Turnkey North Philly Duplex – 10.5% Cap, Tenant-Paid Utilities

North Philadelphia | Turnkey 2-Unit Duplex | 10.5% Cap | Tenant-Paid Utilities
xx09 N 10th St, Philadelphia, PA 19133

ATTENTION MULTIFAMILY & CASH-FLOW INVESTORS!

This fully occupied duplex offers true turnkey performance with two 2-bedroom, 1-bath units bringing in a total of $3,050/month in rent. Both units are leased to a church organization housing missionaries, providing stable tenancy, and all utilities are paid by tenants, keeping operating expenses low and supporting a strong ~10.5% cap rate. With major systems already updated, this is a set-and-forget cash-flow play.

🏠  Property Details:

• Approx. 1,530 sq ft
• 2 units – each 2 bedrooms / 1 bath
• Zoning: RM1
• Annual taxes: ≈ $2,200
   

💡  Income & Tenancy:

• Total monthly rent: $3,050
• Unit A: $1,450/month
• Unit B: $1,600/month
• All utilities paid by tenants, including electric, gas, etc. (buyer to verify)
• Both units leased to a church organization housing missionaries – stable and consistent tenancy

🛠️  Recent Improvements (Turnkey Condition):

• Brand new MEP systems (mechanical, electrical, plumbing)
• New roof
• New water heaters
• New windows
• Updated appliances
• 📈  Investment Snapshot:
• Asking price: $310,000
• Cap rate: ~10.5% (per seller)
• Low operating expenses due to tenant-paid utilities
• Minimal near-term maintenance thanks to recent capital upgrades

📄  Showings:

• Serious buyers ONLY
• Proof of Funds (POF) required for access

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