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.
Courtesy of: Keller Williams Philly Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 7th July, 2022 1:13 PM (UTC)