Description
Welcome to 233 E Penn, also known as Alloa Place, a 12 unit apartment building. The converted mansion is comprised of 11 one bedroom units and 1 efficiency, most are rented below market rent. Listed as a 7.6 cap with a NOI of 97,977 in 2021, the building has a lot to offer, including coin operated laundry in the basement, am owner's storage space in the basement, separated utilities, and many original details still in tact. Tenants make use of on-site parking in the rear of the house, which easily handles 6+ cars. Some of the units have been updated while others have not, leaving the new owner room to add improvements. Videos of each individual unit are available. The building is located 2 blocks from Germantown Ave, and is located in a Federal Opportunity Zone. Reach out to the listing agent for more information and to schedule a showing.
-
0BEDS
-
0.64ACRES
-
0BATHS
-
01/2 BATHS
Description
Welcome to 233 E Penn, also known as Alloa Place, a 12 unit apartment building. The converted mansion is comprised of 11 one bedroom units and 1 efficiency, most are rented below market rent. Listed as a 7.6 cap with a NOI of 97,977 in 2021, the building has a lot to offer, including coin operated laundry in the basement, am owner's storage space in the basement, separated utilities, and many original details still in tact. Tenants make use of on-site parking in the rear of the house, which easily handles 6+ cars. Some of the units have been updated while others have not, leaving the new owner room to add improvements. Videos of each individual unit are available. The building is located 2 blocks from Germantown Ave, and is located in a Federal Opportunity Zone. Reach out to the listing agent for more information and to schedule a showing.
©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or PORTERPLUS REALTY. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-07-04T11:52:02.057.