4628 PENN STREET
Property Description
Attention Investors: Turnkey, Fully Occupied Triplex!4628 Penn Street is a fully renovated, 100% occupied triplex generating $3,225/month ($38,700/year) in gross rental income. All units have separate gas and electric utilities paid directly by the tenants, reducing owner-paid expenses. The property generated 2025 NOI of $21,208.41, representing approximately a 6.1% cap rate at the $349,900 asking price. The property also features a coin-operated washer and dryer in the basement, providing an additional income stream.Unit Breakdown:Unit 1: 2 beds, 1 bath $1,250/month with private backyard accessUnit 2: 2 beds, 1 bath $1,150/monthUnit 3: 1 bed, 1 bath $825/monthAll three units are occupied under fixed-term leases. With renovations complete and tenants already in place, the next owner can acquire a stabilized, income-producing multifamily property without a major upfront renovation or initial lease-up.Offered at $309,900. Schedule your private tour today
Broker Details
Berkshire Hathaway HomeServices Fox & Roach, Realtors MLS ID: 486219
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $309,900 |
| Year Built: | 1940 |
| Lot Size: | 2,910.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FOXROACH-PAPH2665396
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
7201 WAYNE AVENUE
UPPER DARBY, Pennsylvania
10 Old Waterbury Road
Middlebury, Connecticut
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout