UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Subdivision Newbold
MLS Listing ID PAPH2593280
Style Traditional
Bedrooms 3
Full Baths 1
HOA Y/N N
Year Built 1925
Annual Tax Amount $831
Tax Year 2018
Lot Size 670 Sqft
Acres 0.02
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Rare opportunity to acquire a cash-flowing 3-property rental portfolio in Philadelphia featuring 2315 Pierce St, 2235 E Ann St, and 2271 E Cambria St. The seller prefers to sell all three properties together for $675,000, creating an ideal opportunity for investors looking to acquire multiple performing assets in one transaction.
The portfolio is currently fully occupied with long-term tenants and generates $56,880 annually in rental income, providing immediate and stable cash flow from day one.
All three homes have been updated with renovated kitchens and bathrooms, including modern cabinetry, updated fixtures, and refreshed finishes that appeal to today's renters while helping minimize near-term capital expenditures. These improvements make the portfolio a true turnkey investment requiring minimal upfront work.
Properties with existing tenants, recent upgrades, and stable income are increasingly difficult to find in Philadelphia, making this an attractive acquisition for both local and out-of-area investors seeking reliable cash flow.
2315 Pierce St is being offered individually at $245,000, however the seller strongly prefers a portfolio sale including:
• 2315 Pierce St
• 2235 E Ann St
• 2271 E Cambria St
Portfolio Price: $675,000
Investor-friendly opportunity with potential for future rental increases as leases renew.
Whether you are expanding an existing rental portfolio or entering the Philadelphia market, this offering provides immediate income, updated properties, and long-term tenant stability in a single acquisition.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RSA5
Rooms
Other Rooms Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Bathroom 1
Basement Other
Interior
Hot Water 60+ Gallon Tank
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 364099400
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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