3029-31 CEDAR ST Philadelphia, PA 19134

Calling all investors looking to expand their portfolio. This multi-family property offers immediate income potential. Located the high demand Philadelphia neighborhood of Port Richmond, this property provides consistent rental income and all six apartments are currently fully leased. There are also three storage sheds that could bring in an additional estimated $225-$300 per month. Solid bones and a desirable location make this an attractive opportunity for the right buyer. The property is currently configured as six units with a cap rate of 14.4%, however it is zoned for two apartments and is being sold AS IS. Buyers are encouraged to perform their own due diligence, seller and seller's agent makes no guarantee that the buyer will be able to obtain a variance from the city.